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Trio-Tech International fiscal Q3 profit falls YOY

Trio-Tech International said its normalized net income for the fiscal third quarter ended March 31 was 3 cents per share, a decrease of 56.3% from 6 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 $98,880, a decrease of 55.7% from $223,380 in the prior-year period.

The normalized profit margin dropped to 1.1% from 2.6% in the year-earlier period.

Total revenue climbed 9.5% year over year to $9.4 million from $8.5 million, and total operating expenses climbed 11.9% on an annual basis to $9.0 million from $8.1 million.

Reported net income declined 32.4% year over year to $143,040, or 4 cents per share, from $211,740, or 6 cents per share.