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Thursday, Mar 28, 2024

Trio-Tech Posts Loss for Q4, Fiscal 2009

Despite layoffs and other cost cutting measures, semiconductor testing firm Trio-Tech International widened its net loss for the fourth quarter when compared with the previous year. The Van Nuys-based company reported a net loss of $659,000, or $0.20 per diluted share, on revenues of $4.3 million for the quarter ending June 30. For the same period in 2008, the company reported a net loss of $461,000, or $0.14 per diluted share, on revenues of $7 million. For the 2009 fiscal year, Trio-Tech had a net loss of $2 million, or $0.61 per diluted share, on revenues of $20 million. For the previous fiscal year the company had a net loss of $956,000, or $0.30 per diluted share, on revenue of $40 million. While business conditions remain difficult, there are initial signs of recovery in the global economy, said Trio-Tech CEO S. W. Yong. “With our efficient operations, continuing strong cash position and low debt, Trio-Tech is positioned to benefit as industry conditions improve, as well as from the new business and customer relationships we are developing in China and Malaysia,” Yong said. Mark R. Madler

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