Electronic Tele-Communications Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
August 12, 2016 at 08:48 pm
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Electronic Tele-Communications Inc. reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company's net sales were $190,733 compared to $239,072 a year ago. Loss from operations was $3,239 compared to $40,050 a year ago. Loss before income taxes was $8,211 compared to $47,103 a year ago. Net loss was $8,211 or $0.00 per basic and diluted Class A and B share on compared to $47,103 or $0.02 per basic and diluted Class A and B share a year ago.
For the six months, the company's net sales were $19,986 compared to $422,182 a year ago. Earnings from operations were $94,558 compared to loss from operations of $204,213 a year ago. Earnings before income taxes were $84,638 compared to loss before income taxes of $217,650 a year ago. Net earnings were $84,638 or $0.03 per basic and diluted Class A and B share on compared to $217,650 or $0.09 per basic and diluted Class A and B share 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. 
