Tai Tung Communication Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 06:36 pm EST
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Tai Tung Communication Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TWD 288.19 million compared to TWD 264.53 million a year ago. Revenue was TWD 474.45 million compared to TWD 405.43 million a year ago. Net loss was TWD 28.43 million compared to TWD 72.52 million a year ago. Basic loss per share from continuing operations was TWD 0.19 compared to TWD 0.49 a year ago. Diluted loss per share from continuing operations was TWD 0.19 compared to TWD 0.49 a year ago.
For the nine months, sales was TWD 727.55 million compared to TWD 695.04 million a year ago. Revenue was TWD 1,299.03 million compared to TWD 1,120.12 million a year ago. Net loss was TWD 184.56 million compared to TWD 144.7 million a year ago. Basic loss per share from continuing operations was TWD 1.23 compared to TWD 0.98 a year ago. Diluted loss per share from continuing operations was TWD 1.23 compared to TWD 0.98 a year ago.
TAI TUNG COMMUNICATION CO., LTD. is a Taiwan-based company principally engaged in the manufacturing and sales of telecommunication equipment and cables. The Companyâs primary products include optical cables, optical fibers and related components, telecommunication transmission cables, power transmission cables and others. The Company's products are mainly used in communication, network, mobile phone and other industries. The Company is also engaged in the construction of optical networks and the cable engineering projects businesses. The Company mainly distributes its products in domestic market and overseas markets, including Southeast Asia.