Loop Telecommunication International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 13, 2018 at 09:54 am EST
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Loop Telecommunication International, Inc. announced earnings results for the third quarter ended September 30, 2018. For the third quarter, the company announced total revenue was TWD 131.125 million compared to TWD 113.011 million a year ago. Sales was TWD 131.125 million compared to TWD 113.011 million a year ago. Operating loss was TWD 300,000 compared to TWD 3.027 million a year ago. Net income was TWD 1.840 million compared to net loss of TWD 2.047 million a year ago. Basic earnings per share was TWD 0.03 compared to basic loss per share of TWD 0.03 a year ago.
For the nine months, total revenue was TWD 345.600 million compared to TWD 329.928 million a year ago. Sales was TWD 345.600 million compared to TWD 329.928 million a year ago. Operating loss was TWD 23.327 million compared to TWD 6.665 million a year ago. Net loss was TWD 16.848 million compared to TWD 7.940 million a year ago. Basic loss per share was TWD 0.24 compared to TWD 0.11 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. 
