Trio-Tech International moved from a loss to a profit in its fiscal first quarter, boosted by a rise in product sales and testing services revenue.

The Van Nuys provider of technology products and semiconductor testing on Monday reported net income of $491,000 (14 cents per share), compared with a loss of $422,000 (-13 cents) a year earlier.

Revenue jumped 84 percent to $13 million, with product sales up 138 percent and revenue from the company’s smaller testing unit up 31 percent.

Trio-Tech is in the process of expanding its Malaysia testing operation and expects to commence operations in Tianjin, China toward the end of its third quarter.

“While we recently have seen reduced backlogs and shortened lead times for some of our products and services that may affect our operating results in the second quarter … we are bullish about our business and committed to implementing our two-pronged strategy for growth,” Chief Executive SW Yong said in a statement.

The company made its announcement a few hours before the markets closed. Shares closed up 14 cent, or nearly 3 percent, to $5.24 on the New York Alternet.