Lootom Telcovideo Network Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
April 28, 2022 at 10:44 am EDT
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Lootom Telcovideo Network (wuxi) Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was CNY 59.96 million compared to CNY 38.09 million a year ago. Revenue was CNY 59.96 million compared to CNY 38.09 million a year ago. Net income was CNY 5.33 million compared to CNY 2.19 million a year ago. Basic earnings per share from continuing operations was CNY 0.0267 compared to CNY 0.0109 a year ago. Diluted earnings per share from continuing operations was CNY 0.0267 compared to CNY 0.0109 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.