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San Fernando
Tuesday, May 28, 2024

Trio-Tech Income Rises

Trio-Tech International, which provides third-party semiconductor testing and designs semiconductor testing equipment, reported saw growth in revenue and net income after acquiring a division in Shanghai, China. For third fiscal quarter ending on March 31, Van Nuys-based Trio-Tech reported earnings of $174,000, or $0.05 per share on revenues of $6.5 million compared with earnings of $22,000, or $0.01 per share, on revenues of $5.9 million in the same period last year. Trio-Tech’s CEO, S.W. Yong said that the company added staff at facilities in Singapore in anticipation increased testing volume over coming quarters.

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