Bonso Electronics Full Year Loss Narrows - Quick Facts

(RTTNews) - Bonso Electronics International, Inc. (BNSO), a designer and manufacturer of sensor-based products, Tuesday reported a net loss of $0.22 million or $0.04 per share for the fiscal year ended March 31, 2014, which narrowed from the previous year's $0.76 million or $0.14 per share.

Net sales grew 3 percent to $31.31 million from $30.39 million for the fiscal year ended March 31, 2013.

Anthony So, CEO, said, "We were able to decrease our loss in spite of the fact that our operations in China continue to be affected by inflation, especially increased labor costs...Our strategy to improve our financial performance is to eliminate or reduce sales of our low profit margin products and to focus our skill and resources in higher margin products including high precision industrial electronic scales."