June 30 (Reuters) - Koss Corp:
* Restatements chronicle accounting department collusion
* Says restatements follow its discovery in December 2009 of unauthorized
transactions calculated to total $31.5 million
* Says correction has revealed an increase in gross margins for company
* Says restated operating loss of $340,094 in 2009, compared to reported
operating income of $2.61 million
* Says will pay a dividend of $.06 per share on July 15, 2010 to shareholders
of record June 30, 2010
* Says restated net sales amounted to $41,717,114 for the fiscal year ended
June 30, 2009
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Restatements chronicle accounting department collusion
* Says restatements follow its discovery in December 2009 of unauthorized
transactions calculated to total $31.5 million
* Says correction has revealed an increase in gross margins for company
* Says restated operating loss of $340,094 in 2009, compared to reported
operating income of $2.61 million
* Says will pay a dividend of $.06 per share on July 15, 2010 to shareholders
of record June 30, 2010
* Says restated net sales amounted to $41,717,114 for the fiscal year ended
June 30, 2009
((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))
(For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.