Asyst files audited FY05 results, says loss was lesser
Wed Jun 29, 2005 06:52 PM ET
BANGALORE, June 29 (Reuters) - Asyst Technologies Inc. (ASYT.O: Quote, Profile, Research) on Wednesday said its audited results show a $1.1 million reduction in net loss from what it had earlier reported for the fourth quarter and year to March 31, 2005.
The microchip equipment company said according to the audited results, the net loss for the fourth quarter was $1.8 million, or 4 cents a share. For the year, the loss now stands at $17.5 million, or 37 cents a share.
Asyst said in a news release that proper recording of inter-company sales and costs at its Japanese joint venture, Asyst Shinko Inc., resulted in the change.
The company, which was originally scheduled to file the audited report on June 14, filed it on Wednesday. It had delayed the filing citing errors in the way it accounted certain transaction in the Japanese venture.
Fremont, California-based Asyst had on May 10 reported unaudited results, which showed quarterly loss at $2.9 million, or 6 cents a share, and fiscal year loss at $18.6 million, or 39 cents a share.
The company had then said that its loss excluding extraordinary or one-time items was 5 cents a share. The news release on Wednesday, however, did not mention what was the impact on that number from the adjustments. |
