Loop Telecommunication International,Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 03:40 am EST
Share
Loop Telecommunication International,Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 118.67 million compared to TWD 102.91 million a year ago. Net income was TWD 33.78 million compared to TWD 16.86 million a year ago. Basic earnings per share from continuing operations was TWD 0.6 compared to TWD 0.3 a year ago. Diluted earnings per share from continuing operations was TWD 0.6 compared to TWD 0.3 a year ago.
For the nine months, sales was TWD 400.07 million compared to TWD 345.07 million a year ago. Net income was TWD 108.92 million compared to TWD 62.3 million a year ago. Basic earnings per share from continuing operations was TWD 1.95 compared to TWD 1.1 a year ago. Diluted earnings per share from continuing operations was TWD 1.9375 compared to TWD 1.0875 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. 
