Hartcourt Companies (fka HRCT)

[Newbie13]

Hi @ all,

because it wasn´t quite clear I´ve asked via mail:
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the press release mentioned a "one-time gain" as follows:

"Operating income was $46K, compared to a loss of $370K a year ago. Net
income after taxes was $30K, compared to $58K a year ago, which included a
one-time gain of $492K from discontinued operations."

My question is:
Was this "one-time gain" made in the first Quarter of 2004 or in the first
Quarter of 2005?
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And I´ve got the following:
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The 2004 net income after taxes was $58k, including a one-time gain of $492K from discontinued operations. Which means if excluding the gain from discontinued operations, we will report net loss of $434K after taxes last year.

Therefore, comparing to the results last year, we are much better off..
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So, the press release looks good, I think.