Trio-Tech’s 1st-Quarter Profits, Revenue Decline

Trio-Tech International, a Burbank-based designer and manufacturer of environmental testing equipment, reported sharply lower profits and reduced revenue for its first quarter ended Sept. 27.

Net income for the quarter was $81,000, or 3 cents a share, down 88% from a year earlier. Sales for the quarter were $4 million, down 13% from last year’s first quarter.

The company attributed the decline in profits to the expense of opening semiconductor testing facilities in Phoenix and Dublin, Ireland.