Transpacific Broadband Group International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 18, 2020 at 09:24 pm EST
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Transpacific Broadband Group International, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating income was PHP 1.601 million compared to PHP 1.140 million a year ago. Net income was PHP 1.184 million compared to PHP 862,938 a year ago. For the nine months, operating income was PHP 3.427 million compared to operating loss of PHP 189,441 a year ago. Net income was PHP 2.429 million compared to net loss of PHP 919,875 a year ago. Basic earnings per share from continuing operations was PHP 0.0064 compared to basic loss per share from continuing operations of PHP 0.0024 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. 