Electronic Tele-Communications Inc. Announces Unreviewed Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013
November 01, 2013 at 10:56 am EDT
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Electronic Tele-Communications Inc. announced unreviewed earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net sales were $358,173 compared to $575,299 a year ago. Earnings from operations were $9,753 compared to $89,248 a year ago. Earnings before income taxes were $3,628 compared to $81,783 a year ago. Net earnings were $3,628 or $0.00 per Class A and Class B common share compared to $81,783 or $0.03 per Class A and Class B common share a year ago.
For the nine months, the company reported net sales were $1,283,296 compared to $1,379,276 a year ago. Earnings from operations were $40,588 compared to $122,996 a year ago. Earnings before income taxes were $111,815 compared to $100,606 a year ago. Net earnings were $111,815 or $0.04 per Class A and Class B common share compared to $100,606 or $0.04 per Class A and Class B common share a year ago.
Electronic Tele-Communications, Inc. designs, manufactures, and markets digital voice information systems and related services. Its equipment provides a range of audio and computer information and call handling capabilities via telephone networks, computer networks, and the Internet. Its digital voice information systems deliver network interoperability and various applications. Its applications include automatic callback, changed number with call completion, repeat dialing, and wake-up/reminder services enable providers to differentiate themselves from their competition. It offers a range of services, which include professional recording, turn-key installations, on-site trainings, and 24-hour technical support. It provides time weather temperature systems and related services. Its customers include independent telephone companies, long distance companies, wireless carriers, cable companies, utilities, telecommunications manufacturers, and other businesses and organizations.
ELECTRONIC TELE-COMMUNICATIONS, INC. 
