Trio-Tech International on Friday reported a wider loss in its fiscal fourth quarter due to significant declines in sales of its semiconductor test equipment.

The Van Nuys company reported a net loss of $659,000 (-20 cents per share) for the quarter ended June 30, compared with $461,000 (-14 cents) a year ago. Revenue fell more than 38 percent to $4.3 million.

The company said that by cutting expenses, including an unspecified number of layoffs, the company grew its gross margin from 18.9 percent to 25.6 percent.

“Although business conditions remain difficult, we are encouraged that initial signs of recovery are finally beginning to appear,” Chief Executive S.W. Yong said in a statement. “With our efficient operations, continuing strong cash position and low debt, Trio-Tech is positioned to benefit as industry conditions improve.”

The company’s full-year net loss was $1.97 million (-61 cents), compared with a loss of $956,000 (-30 cents) in fiscal 2008. Revenues fell 50 percent to $20 million.

Trio-Tech shares were up 5 cents, or 2 percent, $2.07 in midday trading on the New York Alternet.