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This compared with a net loss of USD965,000 or USD0.06 basic and diluted net loss in the same quarter of 2009 fiscal year.
The company's management focused on increasing profitability, generating cash with controlled operating costs and investments in target opportunities, it said. Additionally the customer pipeline growth, improvement in order backlog together with signs of recovery in target markets altogether aided Trinitech's recovery.
Revenue in the second quarter was USD9.9m, down by 5% compared to the same period of the prior year.AAAAAAA
Trintech generated an adjusted EBITDA net income of USD1.5m for the second quarter Aof 2010 fiscal year, a growth of 595% compared to an adjusted EBITDA net income of USD215,000 for the corresponding period last fiscal year.
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