Delglobal has Fiscal 2008 3rd QTR Net Loss of $1.6 Mil (Financial Report)
Biotech Financial Reports 2008, July 1, 15, 7
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Publisher Description
Del Global Technologies Corp. (OTCBB: DGTC) has announced financial results for its fiscal 2008 third quarter and nine months ended April 26, 2008. Consolidated net sales for the fiscal 2008 third quarter decreased by approximately 9.9% to $24.4 million from $27.1 million in the third quarter of fiscal 2007, due primarily to lower sales in Del Global's Medical Systems Group, where net sales decreased 9.8% to $20.9 million from $23.2 million in the prior year's third quarter. The sales decrease reflected a decline in international sales volume and reduced sales of the domestic digital product line. Sales at the Power Conversion Group, which consist of the company's RFI Corporation subsidiary (RFI) for the third quarter totaled $3.5 million, a decline of approximately $0.4 million from the prior year's third quarter sales due to reduced bookings during the period.