HONG KONG, Nov. 08, 2016 (GLOBE NEWSWIRE) -- Highway Holdings Limited (Nasdaq:HIHO) today reported results for its fiscal 2017 second quarter and six months ended September 30, 2016. Net sales for the fiscal 2017 second quarter were $4.2 million compared with $6.1 million in the same quarter a year earlier -- reflecting lower production output largely due to a temporary disruption caused by the relocation of certain manufacturing operations at the company's China facilities. Net sales also declined to a lesser extent due to decreased customer orders. For the fiscal 2017 second quarter, the company reported a net loss of $128,000, or $0.03 per share, compared with net income of $391,000, or $0.10 per diluted share, a year earlier -- reflecting the impact on net sales of the relocation noted above and a one-time relocation expense of approximately $100,000. Net sales for the six-month period were $9.44 million compared with $12.04 million a year ago, reflecting the disruption caused by the relocation of facilities and the decrease in customer orders noted above. Net income for the six-month period was $37,000, or $0.01 per diluted share, compared with $695,000, or $0.18 per diluted share for the same period last year, reflecting the factors noted above. Since February 2015, the company has been operating its metal stamping operations from temporary facilities while a new building was commissioned by the landlord. The company moved its operations out of the temporary facilities into the new building during the second quarter of fiscal 2017. "The company continues to transition away from low margins business, with a focus on capturing new business to replace this business. At the same time, we are working diligently to maintain and grow business from our higher margin customers, which depends very much on the company's ability to minimize inflationary increases of operational costs in China," said Roland Kohl, chairman and chief executive officer of Highway Holdings.