This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Trio-Tech Fiscal 2010 Revenue Increases 85% To $37 Million

Trio-Tech International (AMEX:TRT) announced today that revenue for the fourth quarter of fiscal 2010 tripled to $12,874,000 compared to $4,328,000 for the fourth quarter of fiscal 2009. Net income for the quarter was $323,000 compared to a loss of $683,000 for the same quarter last year.

Revenue from product sales quadrupled to $8,865,000 for the fourth quarter of fiscal 2010 compared to $2,188,000 a year earlier, primarily the result of higher sales of the Company's proprietary semiconductor test equipment products. Revenue from testing services for the fourth quarter of fiscal 2010 increased to $3,748,000 compared to $2,071,000 for the fourth quarter of fiscal 2009.

"We are pleased by the improved performance of our core semiconductor test equipment and services businesses, extending a trend that began late last year. We also are encouraged that manufacturing segment backlog at June 30, 2010 was a strong $7,181,000 compared to just $1,194,000 at June 30, 2009, and testing services backlog rose to $618,000 from $345,000, providing a solid foundation as we enter the new fiscal year," said SW Yong, Trio-Tech's CEO.

Yong added, "We began implementing expansion plans for our Malaysia manufacturing operation in the fourth quarter, including the purchase of additional plant and equipment, to improve efficiency and throughput to meet increasing orders from one of our major customers.

"We are also setting up a new 47,000 square foot facility for semiconductor test and burn-in services to support an existing major customer in Tianjin, China. Trio-Tech plans to invest $5.5 million over the next two years to equip this facility. The laboratory is certified for ISO and is currently undergoing buy-off by the major customer. We are expecting to commence operations towards the end of the second quarter or early third quarter of the current fiscal year.

"Trio-Tech is also beginning to realize returns on our investment in the real estate segment, as revenue from this segment increased to $183,000 in the fourth quarter, compared to $69,000 same quarter a year ago. Revenue at PT SHI Indonesia, a Batam-based oil and gas equipment fabricator which Trio-Tech acquired in fiscal 2010, was $78,000 for this year's fourth quarter.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs