Loop Telecommunication International,Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022
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Loop Telecommunication International,Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was TWD 117.4 million compared to TWD 98.65 million a year ago. Revenue was TWD 117.4 million compared to TWD 98.65 million a year ago. Net income was TWD 24.88 million compared to net loss of TWD 1.12 million a year ago. Basic earnings per share from continuing operations was TWD 0.35 compared to basic loss per share from continuing operations of TWD 0.02 a year ago. Diluted earnings per share from continuing operations was TWD 0.35 compared to diluted loss per share from continuing operations of TWD 0.02 a year ago.
For the six months, sales was TWD 242.16 million compared to TWD 220.41 million a year ago. Revenue was TWD 242.16 million compared to TWD 220.41 million a year ago. Net income was TWD 45.45 million compared to net loss of TWD 14.9 million a year ago. Basic earnings per share from continuing operations was TWD 0.64 compared to basic loss per share from continuing operations of TWD 0.21 a year ago. Diluted earnings per share from continuing operations was TWD 0.64 compared to diluted loss per share from continuing operations of TWD 0.21 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. 
