Trio-Tech International Reports $1.758 Million Net Income for the Year Ended June 30, 2023

TRIO-TECH INTERNATIONAL [TRT], a global manufacturing and testing services company, has released its audited consolidated financial statements for the year ended June 30, 2023. The company reported a net income of $1.758 million for the year, along with an annual revenue of $43.250 million.

Financial Performance

Despite a challenging operating environment, Trio-Tech International managed to achieve a positive net income for the year. This represents a decrease from the previous year's net income of $2.299 million. The company's annual revenue also decreased slightly from $44.065 million in the previous year, reflecting the impact of ongoing market uncertainties.