Tai Tung Communication Co., Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 03:45 am
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Tai Tung Communication Co., Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TWD 231.72 million compared to TWD 224.09 million a year ago. Revenue was TWD 413.44 million compared to TWD 363.9 million a year ago. Net income was TWD 1.14 million compared to net loss of TWD 96.59 million a year ago. Basic earnings per share from continuing operations was TWD 0.01 compared to basic loss per share from continuing operations of TWD 0.64 a year ago. Diluted earnings per share from continuing operations was TWD 0.01 compared to diluted loss per share from continuing operations of TWD 0.64 a year ago.
For the six months, sales was TWD 474.07 million compared to TWD 547.51 million a year ago. Revenue was TWD 820.85 million compared to TWD 824.58 million a year ago. Net income was TWD 14.24 million compared to net loss of TWD 156.13 million a year ago. Basic earnings per share from continuing operations was TWD 0.09 compared to basic loss per share from continuing operations of TWD 1.05 a year ago. Diluted earnings per share from continuing operations was TWD 0.09 compared to diluted loss per share from continuing operations of TWD 1.05 a year ago.
TAI TUNG COMMUNICATION CO., LTD. is a Taiwan-based company principally engaged in the manufacturing and sales of telecommunication equipment and cables. The Companyâs primary products include optical cables, optical fibers and related components, telecommunication transmission cables, power transmission cables and others. The Company's products are mainly used in communication, network, mobile phone and other industries. The Company is also engaged in the construction of optical networks and the cable engineering projects businesses. The Company mainly distributes its products in domestic market and overseas markets, including Southeast Asia.