Loop Telecommunication International,Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021 at 06:05 pm EDT
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Loop Telecommunication International,Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was TWD 98.654 million compared to TWD 96.856 million a year ago. Operating loss was TWD 940,000 compared to TWD 10.105 million a year ago. Net loss was TWD 1.124 million compared to TWD 9.892 million a year ago. Basic loss per share from continuing operations was TWD 0.02 compared to TWD 0.14 a year ago. For the half year, total revenue was TWD 220.410 million compared to TWD 244.321 million a year ago. Operating loss was TWD 14.383 million compared to operating Income of TWD 20.102 million a year ago. Net loss was TWD 14.896 million compared to net income of TWD 17.269 million a year ago. Basic loss per share from continuing operations was TWD 0.21 compared to basic earnings per share from continuing operations of TWD 0.24 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. 
