Tai Tung Communication Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023
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Tai Tung Communication Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TWD 223.4 million compared to TWD 288.19 million a year ago. Revenue was TWD 530.27 million compared to TWD 474.45 million a year ago. Net income was TWD 0.277 million compared to net loss of TWD 28.43 million a year ago.
For the nine months, sales was TWD 570.86 million compared to TWD 727.55 million a year ago. Revenue was TWD 1,351.12 million compared to TWD 1,299.03 million a year ago. Net income was TWD 14.52 million compared to net loss of TWD 184.56 million a year ago. Basic earnings per share from continuing operations was TWD 0.1 compared to basic loss per share from continuing operations of TWD 1.23 a year ago. Diluted earnings per share from continuing operations was TWD 0.1 compared to diluted loss per share from continuing operations of TWD 1.23 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.