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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Revenue        
Manufacturing $ 3,045 $ 3,352 $ 6,362 $ 6,989
Testing services 3,887 4,393 8,277 8,830
Distribution 2,014 1,916 4,113 3,860
Real estate 16 29 33 56
Total 8,962 9,690 18,785 19,735
Cost of Sales        
Cost of manufactured products sold 2,383 2,646 4,938 5,503
Cost of testing services rendered 2,918 3,106 6,109 6,489
Cost of distribution 1,738 1,662 3,545 3,348
Cost of real estate 18 18 36 36
Total 7,057 7,432 14,628 15,376
Gross Margin 1,905 2,258 4,157 4,359
Operating Expenses        
General and administrative 1,777 1,722 3,565 3,481
Selling 176 187 366 334
Research and development 125 122 201 194
Gain on disposal of property, plant and equipment 0 0 (24) 0
Total operating expenses 2,078 2,031 4,108 4,009
(Loss) / Income from Operations (173) 227 49 350
Other Income / (Expenses)        
Interest expenses (55) (98) (123) (176)
Gain on sale of asset held for sale 1,172 0 1,172 0
Other income, net 40 49 150 92
Total other income 1,157 (49) 1,199 (84)
Income from Continuing Operations before Income Taxes 984 178 1,248 266
Income Tax (Expenses) / Benefits (120) 124 (120) 50
Income from continuing operations before non-controlling interest, net of tax 864 302 1,128 316
Discontinued Operations        
Income / (Loss) from discontinued operations, net of tax 1 4 0 (4)
NET INCOME 865 306 1,128 312
Less: net income / (loss) attributable to the non-controlling interest 439 (42) 429 (101)
Net Income Attributable to Trio-Tech International Common Shareholder 426 348 699 413
Amounts Attributable to Trio-Tech International Common Shareholders:        
Income from continuing operations, net of tax 425 346 699 415
Income / (Loss) from discontinued operations, net of tax 1 2 0 (2)
Net Income Attributable to Trio-Tech International Common Shareholders $ 426 $ 348 $ 699 $ 413
Basic Earnings per Share:        
Basic earnings per share from continuing operations attributable to Trio-Tech International $ 0.12 $ 0.09 $ 0.19 $ 0.11
Basic earnings per share from discontinued operations attributable to Trio-Tech International 0 0 0 0
Basic Earnings per Share from Net Income Attributable to Trio-Tech International 0.12 0.09 0.19 0.11
Diluted Earnings per Share:        
Diluted earnings per share from continuing operations attributable to Trio-Tech International 0.11 0.09 0.19 0.11
Diluted earnings per share from discontinued operations attributable to Trio-Tech International 0 0 0 0
Diluted Earnings per Share from Net Income Attributable to Trio-Tech International $ 0.11 $ 0.09 $ 0.19 $ 0.11
Weighted average number of common shares outstanding basic 3,673 3,673 3,673 3,673
Dilutive effect of stock options 52 108 33 142
Number of shares used to compute earnings per share diluted 3,725 3,781 3,706 3,815