Trio-Tech International on Thursday said strong sales of its semiconductor test equipment helped move the company to a profit in its fiscal fourth quarter.
The Van Nuys provider of third-party semiconductor testing and burn-in services reported net income of $323,000 million (12 cents per share) for the quarter ending June 30, compared with a net loss of $683,000 (-21 cents) a year earlier. Revenue jumped 200 percent to $12.9 million.
The improvement in the test equipment market began late last year, said Chief Executive S.W. Yong. “We are committed to our strategy to add new sources of revenue and earnings to our core businesses, including PT SHI Indonesia, Trio-Tech Solar in Singapore and our real estate segments,” Yong said in a statement.
For the fiscal year, Trio-Tech reported a net loss of $592,000 on revenue of $37 million compared to a net loss of $1.8 million on revenue of $20 million in fiscal 2009.
Shares closed up 31.5 percent to $4.72 on the New York Alternet.