Highway Holdings Limited announced its board of directors has declared a cash dividend of $0.03 per share on the company's common stock. The dividend will be paid on April 15, 2013 to shareholders of record on March 28, 2013.

Highway Holdings Limited reported unaudited consolidated earnings results for third quarter and nine months ended December 31, 2012. For the quarter, Net Sales were $5.619 million against $7.338 million a year ago. Operating income was $0.008 million against $0.006 million a year ago. Net income before income tax and non-controlling interest was $0.020 million against $0.042 million a year ago. Net income attributable to the company's shareholders was $0.018 million or $0.01 per basic and diluted share against $0.075 million or $0.02 per basic and diluted share a year ago. For the nine months, Net Sales were $16.398 million against $19.394 million a year ago. Operating income was $0.255 million against $0.052 million a year ago. Net income before income tax and non-controlling interest was $0.279 million against $0.152 million a year ago. Net income attributable to the company's shareholders was $0.174 million or $0.05 per basic and diluted share against $0.092 million or $0.02 per basic and diluted share a year ago.

Highway Holdings Limited announced its automation equipment manufacturing joint venture has received orders with an aggregate value of approximately $1.1 million during the past few months from five separate companies located in Shanghai and the Great Pearl River Delta regions that operate within the automotive, white goods, consumer products and component manufacturing sectors.