Transpacific Broadband Group International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 07:05 pm EDT
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Transpacific Broadband Group International, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was PHP 9.763 million compared to PHP 9.547 million a year ago. Operating income was PHP 1.074 million compared to operating loss of PHP 1.029 million a year ago. Net income was PHP 752,039 compared to net loss of PHP 1.276 million a year ago. For the half year, total revenue was PHP 19.278 million compared to PHP 18.877 million a year ago. Operating income was PHP 1.825 million compared to operating loss of PHP 1.329 million a year ago. Net income was PHP 1.245 million compared to net loss of PHP 1.782 million a year ago. Basic earnings per share was PHP 0.0033 compared to basic loss per share of PHP 0.0047 a year ago.
Transpacific Broadband Group International, Inc. is a Philippines-based telecommunications and broadcasting company. The Company is engaged in the business of public commercial radio, terrestrial, cable, and satellite broadcast. The Company has one reportable operating segment, which is the broadband and Internet services. Its services include provision for uplink services, very small aperture terminal (VSAT)-based Internet service, wireless networking, hosting, and content conversion. The Company focuses on Internet, Intranet, and local loop service subscriptions for schools, corporate private sector, and government agencies. It sells data services to subscriber schools for Internet connectivity and virtual private network connectivity, and video uplink services to local and foreign Broadband service providers and TV channels. It provides Internet over Satellite connectivity via C-band Satellite and Kacific Ka-band Satellite, which both cover the continent of Asia and Australia.
TRANSPACIFIC BROADBAND GROUP INTERNATIONAL, INC. 