VOXX reports net income of USD2.3 million in Q2
Lower sales in automotive segment is offset by strong growth in premium audio and consumer accessories segments
VOXX International has reported a net income of USD2.3 million in the second quarter ended 31 August 2016 compared to a net loss of USD3.7 million during the same period a year earlier, the company said in a press release. The company turned around its net profit during the second quarter as sales improved 3.3% year-over-year (y/y) to USD159.3 million.
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