Lootom Telcovideo Network Wuxi Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2019
April 26, 2019 at 05:39 am IST
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Lootom Telcovideo Network wuxi Co., Ltd. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced sales was CNY 56.565 million compared to CNY 70.127 million a year ago. Operating income was CNY 629,986.43 compared to CNY 4.686 million a year ago. Net income was CNY 1.509 million compared to CNY 5.355 million a year ago. Basic earnings per share from continuing operations was CNY 0.0075 compared to CNY 0.0268 a year ago.
Lootom Telcovideo Network Wuxi Co Ltd is a China-based company primarily engaged in the provision of broadband network intelligent connection and smart application overall solutions. The Company mainly operates three businesses. The broadband network intelligent connection service business mainly engages in the provision of network access to networks solutions and products and network operation and maintenance monitoring solutions. The smart Internet of Things (IoT) applications business mainly engages in the provision of smart tourism solutions, emergency management solutions, video surveillance solutions, smart park solutions and other solutions. The related technical services business mainly engages in the provision of network planning, design and engineering construction services. The Company mainly conducts its business within the domestic market.