Trio-Tech International (AMEX:TRT) has released the financial results for the third quarter ended March 31, 2010. The revenue for the quarter represented a 195% increase to $10,771,000 compared to the year ago period’s revenues of $3,651,000. The company’s net loss from continuing operations for the quarter was $142,000, or $0.04 per share. The net loss from continuing operations for the year ago period was $138,000, or $0.04 per share. The financial report in its entirety is available for review online at http://www.triotech.com/.
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Trio-Tech International (TTI) provides third-party semiconductor testing and burn-in services primarily through its laboratories in Southeast Asia. The Company also designs, manufactures and markets equipment and systems to be used in the process of testing semiconductors at its facilities in California and Southeast Asia, and distributes semiconductor processing and testing equipment manufactured by other vendors. The Company operates in three segments: testing services, manufacturing, distribution and real estate. In April 2009, Trio-Tech International Pte., Ltd. set up a new entity, SHI International Pte., Ltd. (SHI), in which Trio-Tech International Pte., Ltd. holds 55% of the ownership interest. On April 7, 2009, SHI entered into a share purchase agreement, pursuant to which SHI acquired from Erni Susanto Susi, Dwi Kartikarini and PT SAS International shares of PT SAS Heavy Industry (SASHI). SASHI engages in engineering and fabrication work for oil and gas companies.
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