Loop Telecommunication International,Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022
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Loop Telecommunication International,Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 102.91 million compared to TWD 120.66 million a year ago. Revenue was TWD 102.91 million compared to TWD 120.66 million a year ago. Net income was TWD 16.86 million compared to TWD 7.39 million a year ago. Basic earnings per share from continuing operations was TWD 0.24 compared to TWD 0.1 a year ago. Diluted earnings per share from continuing operations was TWD 0.24 compared to TWD 0.1 a year ago.
For the nine months, sales was TWD 345.07 million compared to TWD 341.07 million a year ago. Revenue was TWD 345.07 million compared to TWD 341.07 million a year ago. Net income was TWD 62.3 million compared to net loss of TWD 7.51 million a year ago. Basic earnings per share from continuing operations was TWD 0.88 compared to basic loss per share from continuing operations of TWD 0.11 a year ago. Diluted earnings per share from continuing operations was TWD 0.87 compared to diluted loss per share from continuing operations of 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. 
