Del announces third fiscal quarter of FY04 and nine months operating results

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Del Global Technologies this week announced its sales and earnings in the third fiscal quarter of FY04, ending May 1.

Net sales for the third quarter of FY04 increased 6 percent to $24.4 million, compared with $23.0 million in the third quarter of FY03. Sales at the company's Medical Systems Group increased 29.8 percent to $17.4 million in the third quarter of FY04 from $13.4 million in the prior year period, due to higher international sales, which offset slightly lower domestic sales.

The net loss for the third quarter of FY04 narrowed significantly to $289,000 from a net loss of $3.9 million for the third quarter of FY03.

For the six month period, sales increased to $75,958, up from $74,907 in the year-ago period. Net loss jumped to $13.2 million, compared with $10.8 million in the year-ago period.