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Trio-Tech International Message Board

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  • bottomsupinvestor bottomsupinvestor May 14, 2009 9:18 AM Flag

    Earnings

    I guess there is not much to say. The balance sheet is nice, not sure of the game plan forward, and the outlook still looks bleak.

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    • I think their game plan is to be at the ready for the next uptick in semi's...the following sums up the current situation:

      "At March 31, 2009, cash and cash equivalents were $12,022,000 ($3.73 per outstanding share), working capital was $12,729,000, and shareholders' equity was $19,914,000 ($6.17 per outstanding share).

      "As has been the case throughout this fiscal year, Trio-Tech's financial performance for the third quarter was driven by the severely depressed conditions in the global semiconductor and electronics industries. We have responded with alacrity by dramatically reducing costs throughout our organization and husbanding our financial resources, while continuing to provide the first-class service and support our customers have come to expect from Trio-Tech," said Chief Executive Officer S.W. Yong.

      Revenue from the Company's products sales for the third quarter of fiscal 2009 decreased to $1,722,000 compared to $4,482,000 for the third quarter of fiscal 2008. Third quarter product sales gross margin increased to 25.9% from 5.2% for the same period last year, reflecting an improved product mix and reduced raw material expenses."

 
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