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Deswell Industries, Inc. (Nasdaq: DSWL) reported unaudited financial results for the first six months of fiscal 2023, ended September 30, 2023. Net sales decreased by 15.1% to $37.7 million, with a 24.6% decrease in the plastic segment and a 12.9% decrease in the electronic segment. Gross margin increased to 19.5% of net sales, with a significant increase in the plastic segment to 19.6% and the electronic segment to 19.5%. Operating income rose to $2.3 million, and net income was $3.6 million, compared to a net loss of $0.6 million in the same period last year. The Company's financial position remained strong, with $17.4 million in cash and cash equivalents and no long-term or short-term borrowings. The board of directors declared a cash dividend of $0.10 per share for the first half of fiscal year 2023, payable on December 21, 2023.