Loop Telecommunication International,Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 03:17 am EDT
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Loop Telecommunication International,Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 129.16 million compared to TWD 117.4 million a year ago. Net income was TWD 32.05 million compared to TWD 24.88 million a year ago. Basic earnings per share from continuing operations was TWD 0.5625 compared to TWD 0.4375 a year ago. Diluted earnings per share from continuing operations was TWD 0.5625 compared to TWD 0.4375 a year ago.
For the six months, sales was TWD 281.4 million compared to TWD 242.16 million a year ago. Net income was TWD 75.14 million compared to TWD 45.45 million a year ago. Basic earnings per share from continuing operations was TWD 1.325 compared to TWD 0.8 a year ago. Diluted earnings per share from continuing operations was TWD 1.325 compared to TWD 0.8 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. 
