Loop Telecommunication International,Inc. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 12, 2020 at 01:40 pm EDT
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Loop Telecommunication International,Inc. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was TWD 147.465 million compared to TWD 96.185 million a year ago. Operating income was TWD 30.207 million compared to operating loss of TWD 8.231 million a year ago. Net income was TWD 27.161 million compared to net loss of TWD 5.452 million a year ago. Basic earnings per share was TWD 0.38 compared to basic loss per share of TWD 0.08 a year ago.
Loop Telecommunication International, Inc. is a Taiwan-based company primarily engaged in the research, development, manufacture and distribution of communication network equipment. The Companyâs principal products include the U-interface multiplex machines, high speed Internet access devices, beacon switches, high speed digital subscriber loop devices, modulation coordinators and others. The Company is also engaged in the provision of related consulting, design, installation and repair services, as well as the import and export of relevant products and equipment. The Company mainly distributes its products in domestic market and overseas markets, including the Americas, Europe and the Middle East.
LOOP TELECOMMUNICATION INTERNATIONAL,INC. 
