Hollysys Automation Technologies Ltd. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 180.52 million compared to USD 188.93 million a year ago. Revenue was USD 223.72 million compared to USD 244.73 million a year ago. Net income was USD 14.14 million compared to USD 48.24 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.78 a year ago.
For the six months, sales was USD 330.22 million compared to USD 332.06 million a year ago. Revenue was USD 423.62 million compared to USD 414.77 million a year ago. Net income was USD 45.78 million compared to USD 69.64 million a year ago. Basic earnings per share from continuing operations was USD 0.74 compared to USD 1.13 a year ago. Diluted earnings per share from continuing operations was USD 0.74 compared to USD 1.12 a year ago.