Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
06 December, 2023 10:46 IST
Trio Tech International third-quarter profit jumps 133.33 percent on a YOY basis
Source: IRIS | 24 May, 2017, 12.11PM

Powered by IRIS XBRL Data
Rating: NAN / 5 stars.
Comments  |  Post Comment


Trio Tech International (TRT) has reported an 133.33 percent jump in profit for the quarter ended Mar. 31, 2017. The company has earned $0.35 million, or $0.10 a share in the quarter, compared with $0.15 million, or $0.04 a share for the same period last year.

Revenue during the quarter grew 5.02 percent to $9.82 million from $9.36 million in the previous year period. Gross margin for the quarter expanded 212 basis points over the previous year period to 24.91 percent. Total expenses were 95.06 percent of quarterly revenues, down from 96.55 percent for the same period last year. This has led to an improvement of 148 basis points in operating margin to 4.94 percent.

Operating income for the quarter was $0.48 million, compared with $0.32 million in the previous year period.

S.W. Yong, Trio-Tech's CEO, said, "Higher revenue and improved gross margin for the third quarter of fiscal 2017 combined to drive a 50.2% increase in operating income compared to the same quarter last year. Net income increased 133%, generating earnings of $0.10 per diluted share compared to $0.04 per diluted share in the same quarter of last year."


Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
 Post Comment
Name Email
Comment
Security Code type    into this box
US Equities
Innodata Isogen swings to first-quarter loss on a YOY basis - 10-Jul-2017 03:29
Echelon Corp first-quarter loss widens on a YOY basis - 09-Jul-2017 20:32
Diversicare Healthcare Services swings to first-quarter profit on a YOY basis - 09-Jul-2017 19:51
Dextera Surgical third-quarter loss widens on a YOY basis - 09-Jul-2017 18:20
Open Text Corp third-quarter earnings plunge by 68.72 percent on a YOY basis - 09-Jul-2017 15:17
NAPCO Security Technologies third-quarter earnings decline by 12.19 percent on a YOY basis - 09-Jul-2017 14:31
Patriot National Bancorp first-quarter profit jumps 165.75 percent on a YOY basis - 09-Jul-2017 13:29
Patriot National Bancorp first-quarter profit jumps 165.75 percent on a YOY basis - 09-Jul-2017 13:29
Alaska Communications Systems Group swings to first-quarter loss on a YOY basis - 09-Jul-2017 12:00
Delcath Systems first-quarter loss widens on a YOY basis - 08-Jul-2017 18:33
Edgewater Technology first-quarter loss widens on a YOY basis - 08-Jul-2017 16:21
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer