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Stock impact report

Trio-Tech Reports Fourth Quarter and Fiscal 2019 Results

Trio-Tech International (TRT) 
NASDAQ:AMEX Investor Relations: triotech.com/ind_rel.htm
Company Research Source: Business Wire
VAN NUYS, Calif.--(BUSINESS WIRE)--Trio-Tech International (NYSE MKT: TRT) today announced financial results for the fourth quarter and fiscal year ended June 30, 2019.Fourth Quarter ResultsOverall revenue for the fourth quarter of fiscal 2019 decreased 1% to $10,625,000 from $10,760,000 for the fourth quarter of fiscal 2018. While manufacturing revenue increased 17% to $4,803,000 compared to $4,116,000 last year, reflecting increased demand in the Company’s Singapore operations, and distribution revenue increased 11% to $1,864,000 from $1,678,000, lower demand in Trio-Tech’s Malaysia and Tianjin, China operations led to a 20% decrease in testing services revenue to $3,941,000 from $4,937,000 last year.The decline in overall revenue, coupled with a change in product mix, reduced gross margin to $2,468,000 for the fourth quarter of fiscal 2019 from $2,851,000 for last year’s fourth quarter. As a percentage of revenue, gross margin declined to 23% compared to 27% of revenue for the Show less Read more
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