Electronic Tele-Communications Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
March 11, 2014 at 04:30 pm IST
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Electronic Tele-Communications Inc. reported earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's net earnings were $35,696 or $0.01 per class A common share, compared to $88,595 or $0.04 per class A common share, for the same quarter ended December 31, 2012. Net sales were $431,846 compared to $615,667 for the same quarter ended December 31, 2012.
For the year, the company's net earnings were $147,511 or $0.06 per class A common share, compared to $189,201 or $0.08 per class A common share, for the year ended December 31, 2012. Net sales were $1.71 million, compared to $1.99 million for the year ended December 31, 2012.
Electronic Tele-Communications, Inc. designs, manufactures, and markets digital voice information systems and related services. Its equipment provides a range of audio and computer information and call handling capabilities via telephone networks, computer networks, and the Internet. Its digital voice information systems deliver network interoperability and various applications. Its applications include automatic callback, changed number with call completion, repeat dialing, and wake-up/reminder services enable providers to differentiate themselves from their competition. It offers a range of services, which include professional recording, turn-key installations, on-site trainings, and 24-hour technical support. It provides time weather temperature systems and related services. Its customers include independent telephone companies, long distance companies, wireless carriers, cable companies, utilities, telecommunications manufacturers, and other businesses and organizations.