Transpacific Broadband Group International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 19, 2019 at 05:37 am
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Transpacific Broadband Group International, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was PHP 10.021 million compared to PHP 9.672 million a year ago. Operating income was PHP 1.140 million compared to PHP 772,366 a year ago. Net income was PHP 862,938 compared to PHP 579,992 a year ago. For the nine months, total revenue was PHP 28.898 million compared to PHP 28.917 million a year ago. Operating loss was PHP 189,441 compared to operating Income of PHP 1.017 million a year ago. Net loss was PHP 919,875 compared to net income of PHP 294,666 a year ago. Basic loss per share was PHP 0.0024 compared to basic earnings per share of PHP 0.0011 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.
TRANSPACIFIC BROADBAND GROUP INTERNATIONAL, INC. 
