Lootom Telcovideo Network Co., Ltd. Reports Earnings Results for the Nine Months Ended September 30, 2021
October 28, 2021 at 08:15 am EDT
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Lootom Telcovideo Network (wuxi) Co., Ltd. reported earnings results for the nine months ended September 30, 2021. For the nine months, the company reported sales was CNY 113.5 million compared to CNY 137.84 million a year ago. Revenue was CNY 113.5 million compared to CNY 137.84 million a year ago. Net loss was CNY 8.25 million compared to net income of CNY 1.15 million a year ago. Basic loss per share from continuing operations was CNY 0.0412 compared to basic earnings per share from continuing operations of CNY 0.0058 a year ago. Diluted loss per share from continuing operations was CNY 0.0412 compared to diluted earnings per share from continuing operations of CNY 0.0058 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.