Trio-Tech’s Loss Widens to $347,000 for 2nd Quarter

Trio-Tech International reported a widened loss of $347,000 in its second quarter ended Dec. 26 on revenue of $3.55 million.

A year ago, the Burbank-based concern lost $246,000 on revenue of $3.75 million. Trio-Tech lost 13 cents a share in the most recent quarter, against 9 cents a share a year ago.

Charles Wilson, Trio-Tech president, blamed losses on the continued worldwide slump in the semiconductor industry, the company’s principal customers. Wilson said revenue, which was $4.34 million in the first quarter, fell because the company shut down for two weeks in December.

Trio-Tech makes semiconductor testing equipment. It owns and operates semiconductor test labs worldwide.

For the six months, Trio-Tech lost $323,000, or 12 cents a share, on sales of $7.9 million. For the same period a year ago, the company lost $165,000, or 6 cents a share, on sales of $7.8 million.