Lootom Telcovideo Network Wuxi Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2020
April 26, 2020 at 04:34 am
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Lootom Telcovideo Network wuxi Co., Ltd. announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was CNY 14.421 million compared to CNY 56.565 million a year ago. Operating loss was CNY 7.391 million compared to operating Income of CNY 629,986.43 a year ago. Net loss was CNY 6.323 million compared to net income of CNY 1.509 million a year ago. Basic loss per share from continuing operations was CNY 0.0316 compared to basic earnings per share from continuing operations of CNY 0.0075 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.
LOOTOM TELCOVIDEO NETWORK (WUXI) CO., LTD. 
