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Trio-Tech International fiscal Q2 profit climbs 12.8% YOY

Trio-Tech International said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to 4 cents per share, a gain of 12.2% from 4 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $156,880, an increase of 12.8% from $139,130 in the year-earlier period.

The normalized profit margin climbed to 1.9% from 1.6% in the year-earlier period.

Total revenue decreased 6.1% year over year to $8.4 million from $8.9 million, and total operating expenses decreased from the prior-year period to $8.0 million from $8.4 million.

Reported net income increased 67.4% year over year to $176,450, or 5 cents per share, from $105,390, or 3 cents per share.