Trio-Tech Int'l (TRT) Swings to Q1 Profit
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Trio-Tech Fiscal 2016 First Quarter Net Income Increased to $0.08 Per Share versus a Loss of $0.04 Per Share for Last Year's First Quarter
November 16, 2015 8:30 AM ESTVAN NUYS, Calif.--(BUSINESS WIRE)-- Trio-Tech International (NYSE MKT: TRT) today announced financial results for the first quarter of fiscal 2016:
Net income increased to $0.08 per share compared to a net loss of $0.04 per share for the first quarter of fiscal 2015 despite a 2.0% decrease in revenue.
Operating income increased to $299,000 compared to an operating loss of $134,000 for the first quarter of fiscal 2015.
Cash and cash equivalents increased to $4,001,000, or $1.14 per share, at September 30, 2015 compared to $3,711,000, or $1.06 per share, at June 30, 2015.
CEO CommentsS.W. Yong, Trio-Tech's CEO, said, "Although revenue declined... More
