Transpacific Broadband Group International, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 22, 2023 at 07:39 am IST
Share
Transpacific Broadband Group International, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was PHP 7.88 million compared to PHP 9.85 million a year ago. Net income was PHP 1.04 million compared to PHP 3.14 million a year ago.
For the six months, revenue was PHP 16.16 million compared to PHP 19.44 million a year ago. Net income was PHP 2.4 million compared to PHP 5.72 million a year ago. Basic earnings per share from continuing operations was PHP 0.0006 compared to PHP 0.0015 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. 
