Loop Telecommunication International,Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 11, 2020 at 06:39 pm IST
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Loop Telecommunication International,Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was TWD 159.348 million compared to TWD 121.890 million a year ago. Operating income was TWD 39.958 million compared to TWD 6.280 million a year ago. Net income was TWD 37.475 million compared to TWD 6.091 million a year ago. Basic earnings per share was TWD 0.53 compared to TWD 0.09 a year ago. For the nine months, sales was TWD 403.669 million compared to TWD 376.496 million a year ago. Operating income was TWD 60.060 million compared to TWD 27.269 million a year ago. Net income was TWD 54.744 million compared to TWD 26.708 million a year ago. Basic earnings per share was TWD 0.77 compared to TWD 0.38 a year ago.
Loop Telecommunication International, Inc. is a Taiwan-based company primarily engaged in the research, development, manufacture and distribution of communication network equipment. The Companyâs principal products include the U-interface multiplex machines, high speed Internet access devices, beacon switches, high speed digital subscriber loop devices, modulation coordinators and others. The Company is also engaged in the provision of related consulting, design, installation and repair services, as well as the import and export of relevant products and equipment. The Company mainly distributes its products in domestic market and overseas markets, including the Americas, Europe and the Middle East.
LOOP TELECOMMUNICATION INTERNATIONAL,INC. 
