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Trio Tech International (NYSEMKT:TRT) revenue declined in third quarter

Boston, MA 05/24/2013 (wallstreetpr) – The share prices of Trio Tech International (NYSEMKT:TRT) surged by 12.90 percent to close at $2.10 per share for the last trading session. The share prices traded in the range of $1.83 to $2.16 per share during the day. The 52 week low price level of Trio Tech International (NYSEMKT:TRT) is $1.13 per share and the 52 week high price level is $2.40 per share.

Third quarter results

Trio Tech International (NYSEMKT:TRT) had recently announced its financial results for the third quarter, 2013 in which the company reported decline in revenue by 13.2 percent to $6.529 million. The net loss attributable to the shareholders of the company was found to be $0.16 per share. However the revenue for Trio Tech International (NYSEMKT:TRT) for the first nine months of 2013 increased by 3 percent to $23.627 million compared to the previous year’s revenue of $22.94 million.

Trio Tech International (NYSEMKT:TRT) operates through its laboratories in Asia where it provides third party semiconductor testing and burn in services. In addition, the company designs, develops, manufactures and markets a broad range of equipment and systems used in the manufacturing and testing of semiconductor devices and electronic components. The businesses of Trio Tech International (NYSEMKT:TRT) are operated in five major segments namely Manufacturing, Distribution,  Testing services, Fabrication Services and Real Estate.

Trio Tech International (NYSEMKT:TRT) holds 3.32 million shares outstanding in the market and the institutional ownership of the company is 18 percent of the holdings. The company has an average trading volume of 2627 shares per day.

Published by Pushpa Naresh

Pushpa Naresh has done MBA (Finance) and an avid market tracker. She is a technical analyst who closely tracks US markets along with other global markets like India. She has been expressing her views about markets and also advises various clients.

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