Loop Telecommunication International,Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 10:18 am
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Loop Telecommunication International,Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was TWD 96.856 million compared to TWD 158.421 million a year ago. Operating loss was TWD 10.105 million compared to operating Income of TWD 29.220 million a year ago. Net loss was TWD 9.892 million compared to net income of TWD 26.069 million a year ago. Basic loss per share was TWD 0.14 compared to basic earnings per share of TWD 0.37 a year ago. For the half year, sales was TWD 244.321 million compared to TWD 254.606 million a year ago. Operating income was TWD 20.102 million compared to TWD 20.989 million a year ago. Net income was TWD 17.269 million compared to TWD 20.617 million a year ago. Basic earnings per share was TWD 0.24 compared to TWD 0.29 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. 
