Electronic Tele-Communications, Inc. Reports Reviewed Earnings Results for the Fourth Quarter and Full Year Ended of December 31, 2016
March 16, 2017 at 04:53 pm EDT
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Electronic Tele-Communications, Inc. reported reviewed earnings results for the fourth quarter and full year ended of December 31, 2016. For the quarter, the company reported Sales of $210,932 compared to $213,527 for the fourth quarter of 2015. The net earnings for the quarter were $79,883 or $0.03 per Class A common share, compared to net earnings of $41,800 or $0.02 per Class A common share for the fourth quarter of 2015. Earnings from operations were $84,773 compared to $50,098 a year ago.
For the full year of 2016, the company’s Sales were $956,306 compared to $837,845 for 2015. The net earnings were $199,254 or $0.08 per Class A common share, compared to a net loss of $290,116 or $0.12 per Class A common share for 2015. Earnings from operations were $218,921 compared to loss from operations of $260,773 a year ago.
Electronic Tele-Communications, Inc. designs, manufactures, and markets digital voice information systems and related services. Its equipment provides a range of audio and computer information and call handling capabilities via telephone networks, computer networks, and the Internet. Its digital voice information systems deliver network interoperability and various applications. Its applications include automatic callback, changed number with call completion, repeat dialing, and wake-up/reminder services enable providers to differentiate themselves from their competition. It offers a range of services, which include professional recording, turn-key installations, on-site trainings, and 24-hour technical support. It provides time weather temperature systems and related services. Its customers include independent telephone companies, long distance companies, wireless carriers, cable companies, utilities, telecommunications manufacturers, and other businesses and organizations.
ELECTRONIC TELE-COMMUNICATIONS, INC. 
