Fourth quarter 2015 financial results for Skyline Corp (NYSE:SKY) indicate net sales from continuing operations increased eight percent over the same period last year, $49,605,000 over $46,040,000, resulting in a net loss of $149,000 versus a net loss the previous fiscal year Q4 of $1,672,000, according to prnewswire. The 2015 quarter included a net gain of $243,000 from the sale of unused property and equipment; the 2014 figures included a net gain of $244,000 on unused property and equipment.

Financial results for the fourth quarter 2015 also include a net loss from discontinued operations of $51,000 versus a net loss of $888,000 from discontinued operations in the comparable period of 2014. Net loss of $200,000 equaled $.02 per share versus a net loss of $2,560,000 or $.30 per share in the fourth quarter 2014.

For fiscal 2015 net sales of $186,950,000 were 22 percent over 2014’s $153,800,000 net sales from continuing operations. The net loss for fiscal year 2015 was $4,188,000 versus 2014’s net loss of $7,307,000. The figures from 2015 include a gain of $243,000 from the sale of equipment; the 2014 figures include a $706,000 gain from the sale of unused property and equipment.

For fiscal 2015, Skyline reports a net loss of $10,414,000, or $1.24 per share, versus a net loss of $11,864,000 or $1.41 per share for FY 2014.

As MHProNews knows, Skyline produces manufactured and modular homes and park models. ##

(Photo credit: Skyline Corp.)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.