Loop Telecommunication International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 10, 2019 at 08:45 am EST
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Loop Telecommunication International, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was TWD 121.890 million compared to TWD 131.125 million a year ago. Operating income was TWD 6.280 million compared to operating loss of TWD 300,000 a year ago. Net income was TWD 6.091 million compared to TWD 1.840 million a year ago. Basic earnings per share was TWD 0.09 compared to TWD 0.03 a year ago. For the nine months, total revenue was TWD 376.496 million compared to TWD 345.600 million a year ago. Operating income was TWD 27.269 million compared to operating loss of TWD 23.327 million a year ago. Net income was TWD 26.708 million compared to net loss of TWD 16.848 million a year ago. Basic earnings per share was TWD 0.38 compared to basic loss per share 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. 