Mon, Sep 23, 4:55 PM (88 days ago)
For the fiscal year ended June 30, 2024, Trio-Tech International reported total revenue of $42,312, a decrease of 2.2% from $43,250 in 2023. The Manufacturing segment saw a revenue increase of 16.1% to $16,057, while the Testing segment's revenue fell by 22.5% to $17,933. The Distribution segment grew by 32.3% to $8,297. Overall gross profit margin declined to 25.4% from 27.1%, with operating profit dropping to $1,093 from $2,228. Net profit attributable to shareholders decreased to $1,050 from $1,544, resulting in basic earnings per share of $0.25 compared to $0.38 in the prior year. Total assets rose to $42,540, up 0.8%, driven by increases in cash and accounts receivable. Working capital improved by 16.7% to $22,760. Total liabilities decreased by 13.1% to $10,962, reflecting reduced bank loans and accrued expenses. The company faces risks from market volatility, customer concentration, and supply chain challenges, especially in its semiconductor segment. Future strategies include expanding market reach and possibly divesting less profitable segments to enhance shareholder value.