Seeking Alpha

QualityStocks'  Instablog

QualityStocks
Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
QualityStocks
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Trio-Tech International (TRT) Fiscal 2010 Revenue Increases 85% to $37 Million 0 comments
    Oct 1, 2010 11:13 AM | about stocks: TRT
    Trio-Tech International is a diversified business group pursuing interests in semiconductor test and manufacturing, oil and gas equipment fabrication, solar products and real estate. Yesterday, the company announced results for its fiscal year and the fiscal fourth quarter of 2010. Revenues for the fiscal year ended June 10, 2010, increased 85% to $36,928,000. Net income was $0.11 per shares versus a loss of $0.46 a share last year.

    Revenue for the fourth quarter of fiscal 2010 tripled $12,874,000 compared to $4,328,000 in the same period 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.

    Trio-Tech’s quarterly results were primarily the result of higher sales of the company’s proprietary semiconductor test equipment products, extending a trend begun late last year. Revenues from the testing services segment for the fourth quarter of fiscal 2010 increased to $3,748,000 compared to $2,071,000 a year earlier.

    The company’s manufacturing segment backlog was a strong $7,181,000 compared to just $1,194,000 at June 30, 2009 while its testing services backlog rose to $618,000 from $345,000. These figures will provide a solid foundation for Trio-Tech as it enters a new fiscal year. The company is spending $5.5 million over the next two years to expand its Malaysian manufacturing facility to support a major existing customer in China.

    For more information on Trio-Tech, please visit its website at triotech.com.

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net


    Disclosure: no positions
    Stocks: TRT
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.