NEW YORK, April 17, 2015 /PRNewswire/ -- Trio-Tech International (NYSEMKT: TRT) was incorporated in the United States, and is headquartered in Van Nuys, California. The Company operates a multi-faceted organization which deals with five business segments: manufacturing, testing services, equipment distribution, real estate, and fabrication services. The firm operates internationally in Singapore, Malaysia, Thailand, and China as well as their domestic operations in the States.
The Company closed on Tuesday at a price of $3.01, recording a loss of -4.55% with a volume of 44,000 over five times the average volume (3M) of 7,000. The Company which reported positive net income for the first time in past years can attribute their stronger earnings to expanded operations within their Asian subsidiaries. For the 2014FY ending June 30,2014, the Company reported their operating loss shrunk to $2,000 vs. losses of $861,000 in FY 2013.
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