Electronic Tele-Communications Inc. Reports Un-Reviewed Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
February 28, 2014 at 04:45 pm EST
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Electronic Tele-Communications Inc. reported unreviewed earnings results for the fourth quarter and year ended December 31, 2013. For the fourth quarter 2013, the company's sales were $431,846 compared to $615,667 for the 2012 fourth quarter. Net earnings were $35,696 or $0.01 per Class A common share, compared to net earnings of $85,481 or $0.04 per Class A common share for the fourth quarter of 2012. Earnings from operations were $41,736,000 against $94,423,000 a year ago. Earnings before income taxes were $35,696,000 against $88,595,000 a year ago.
For the year, the company's sales were $1,715,142 compared to 2012 sales of $1,994,943. Net earnings were $147,511 or $0.06 per Class A common share compared to earnings of $189,201 or $0.08 per Class A common share for 2012. Earnings from operations were $82,324,000 against $217,419,000 a year ago. Earnings before income taxes were $147,511,000 against $189,201,000 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. 