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Stock impact report

Trio-Tech Reports Second Quarter Net Income of $0.11 Per Diluted Share

Trio-Tech International (TRT) 
NASDAQ:AMEX Investor Relations: triotech.com/ind_rel.htm
Company Research Source: Business Wire
First Half Net Income of $0.19 Per Diluted Share VAN NUYS, Calif.--(BUSINESS WIRE)--Trio-Tech International (NYSE American: TRT) today announced financial results for the second quarter and first six months of fiscal 2020.Fiscal 2020 Second Quarter ResultsFor the three months ended December 31, 2019, net income increased 23% to $426,000, or $0.11 per diluted share, compared to $348,000, or $0.09 per diluted share, for the second quarter of fiscal 2019. Net income for the second quarter of fiscal 2020 included a $1,172,000 gain on the sale of assets held for sale. There were no corresponding gains in the same period last year.Revenue for the second quarter of fiscal 2020 decreased 8% to $8,962,000 compared to revenue of $9,690,000 for the same quarter last year. Manufacturing revenue was $3,045,000, a 9% decrease compared to $3,352,000 a year earlier. Semiconductor testing services revenue decreased 12% to $3,887,000 compared to $4,393,000 last year. Distribution revenue increased 5 Show less Read more
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