Transpacific Broadband Group International, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
May 09, 2021 at 10:46 pm
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Transpacific Broadband Group International, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was PHP 43.683 million compared to PHP 39.729 million a year ago. Operating income was PHP 5.450 million compared to PHP 1.525 million a year ago. Net income was PHP 4.871 million compared to PHP 699,877 a year ago. Basic earnings per share from continuing operations was PHP 0.0013 compared to PHP 0.0002 a year ago. Diluted earnings per share from continuing operations was PHP 0.0012 compared to PHP 0.0002 a year ago.
Transpacific Broadband Group International, Inc. is a Philippines-based telecommunications and broadcasting company. The Company is engaged in the business of public commercial radio, terrestrial, cable, and satellite broadcast. The Company has one reportable operating segment, which is the broadband and Internet services. Its services include provision for uplink services, very small aperture terminal (VSAT)-based Internet service, wireless networking, hosting, and content conversion. The Company focuses on Internet, Intranet, and local loop service subscriptions for schools, corporate private sector, and government agencies. It sells data services to subscriber schools for Internet connectivity and virtual private network connectivity, and video uplink services to local and foreign Broadband service providers and TV channels. It provides Internet over Satellite connectivity via C-band Satellite and Kacific Ka-band Satellite, which both cover the continent of Asia and Australia.