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 Reports Fiscal 2011 Second Quarter Results

Trio-Tech International (AMEX:TRT) announced today that revenue for the second quarter of fiscal 2011 ended December 31, 2010 increased 54% to $9,549,000 compared to $6,190,000 for the second quarter of fiscal 2010.

Net income for the second quarter of fiscal 2011 increased to $187,000, or $0.05 per diluted share, which included income from operations of $371,000. In comparison, for the second quarter of fiscal 2010 the Company reported a net loss of $369,000, or $0.11 per share, which included a loss from operations of $567,000.

Revenue from product sales increased to $5,491,000 for the second quarter of fiscal 2011 compared to $3,139,000 for the second quarter of last year, primarily the result of higher sales of the Company's proprietary semiconductor test equipment products. Revenue from testing services increased to $3,193,000 for the second quarter of fiscal 2011 compared to $2,591,000 for the second quarter of fiscal 2010. Revenue from the Company's real estate segment increased to $772,000 for the second quarter of fiscal 2011 from $260,000 a year ago. Revenue for the Company's oil and gas equipment fabrication venture was $93,000 for this year's second quarter as compared to $200,000 for the second quarter of fiscal 2010.

"We are making steady progress in the implementation of our two-pronged strategy for growth. Our core semiconductor test equipment and services businesses posted another strong quarter, and our financial results also benefited substantially from developments at one of our new business initiatives, real estate, that are a key element of our long-term growth plan," said SW Yong, Trio-Tech's CEO.

During the second quarter, Trio-Tech completed the expansion of its Malaysia testing operation, including the purchase of additional plant and equipment, to expand our production capacity in anticipation of capturing increased order volume from a major customer.

For the six months ended December 31, 2010, revenue increased to $22,578,000 compared to $13,283,000 for the first six months of fiscal 2010. Net income for this year's first six months was $678,000, or $0.20 per diluted share. This compares to a net loss for the first six months of fiscal 2010 of $791,000, or $0.25 per share.

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
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%
TSLA $222.56 -4.20%
YHOO $36.00 -0.03%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs