Loop Telecommunication International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 09:22 am EDT
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Loop Telecommunication International, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced sales was TWD 158.421 million compared to TWD 118.675 million a year ago. Operating income was TWD 29.220 million compared to operating loss of TWD 16.158 million a year ago. Net income was TWD 26.069 million compared to net loss of TWD 9.695 million a year ago. Basic earnings per share was TWD 0.37 compared to basic loss per share of TWD 0.14 a year ago. For the half year, sales was TWD 254.606 million compared to TWD 214.475 million a year ago. Operating income was TWD 20.989 million compared to operating loss of TWD 23.027 million a year ago. Net income was TWD 20.617 million compared to net loss of TWD 18.688 million a year ago. Basic earnings per share was TWD 0.29 compared to basic loss per share of TWD 0.26 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. 
