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As of 8:10 PM 06/19/14 All times are local (Market data is delayed by at least 15 minutes).

electr tele-communctn (ETCIA) Key Developments

Electronic Tele-Communications Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Provides Sales Guidance for the Second Quarter of 2014

Electronic Tele-Communications Inc. announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales of $492,735 compared to $435,864 a year ago. Earnings from operations were $21,918 compared to $7,091 a year ago. Earnings before income taxes were $16,084 compared to $133 a year ago. Net earnings were $16,084 compared to $133 a year ago. Basic and diluted EPS per class A and B common share was $0.01. Sales were up 13% during the first quarter of 2014 compared to 2013, and The company anticipates this improvement to continue into the second quarter of 2014.

Electronic Tele-Communications Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Electronic Tele-Communications Inc. reported earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company's net earnings were $35,696 or $0.01 per class A common share, compared to $88,595 or $0.04 per class A common share, for the same quarter ended December 31, 2012. Net sales were $431,846 compared to $615,667 for the same quarter ended December 31, 2012. For the year, the company's net earnings were $147,511 or $0.06 per class A common share, compared to $189,201 or $0.08 per class A common share, for the year ended December 31, 2012. Net sales were $1.71 million, compared to $1.99 million for the year ended December 31, 2012.

Electronic Tele-Communications Inc. Reports Un-Reviewed Earnings Results for the Fourth Quarter and Year Ended December 31, 2013

Electronic Tele-Communications Inc. reported unreviewed earnings results for the fourth quarter and year ended December 31, 2013. For the fourth quarter 2013, the company's sales were $431,846 compared to $615,667 for the 2012 fourth quarter. Net earnings were $35,696 or $0.01 per Class A common share, compared to net earnings of $85,481 or $0.04 per Class A common share for the fourth quarter of 2012. Earnings from operations were $41,736,000 against $94,423,000 a year ago. Earnings before income taxes were $35,696,000 against $88,595,000 a year ago. For the year, the company's sales were $1,715,142 compared to 2012 sales of $1,994,943. Net earnings were $147,511 or $0.06 per Class A common share compared to earnings of $189,201 or $0.08 per Class A common share for 2012. Earnings from operations were $82,324,000 against $217,419,000 a year ago. Earnings before income taxes were $147,511,000 against $189,201,000 a year ago.

Electronic Tele-Communications Inc. Announces Unreviewed Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Electronic Tele-Communications Inc. announced unreviewed earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported net sales were $358,173 compared to $575,299 a year ago. Earnings from operations were $9,753 compared to $89,248 a year ago. Earnings before income taxes were $3,628 compared to $81,783 a year ago. Net earnings were $3,628 or $0.00 per Class A and Class B common share compared to $81,783 or $0.03 per Class A and Class B common share a year ago. For the nine months, the company reported net sales were $1,283,296 compared to $1,379,276 a year ago. Earnings from operations were $40,588 compared to $122,996 a year ago. Earnings before income taxes were $111,815 compared to $100,606 a year ago. Net earnings were $111,815 or $0.04 per Class A and Class B common share compared to $100,606 or $0.04 per Class A and Class B common share a year ago.

Electronic Tele-Communications Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2013

Electronic Tele-Communications Inc. reported earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported net earnings of $108,054 or $0.04 per class A common share compared to net loss of $27,822, or $0.01 loss per class A common share for the same quarter ended June 30, 2012. Net sales were $489,259 compared to $322,928 for the same quarter ended June 30, 2012. For the six months, the company reported net earnings of $108,187, or $0.04 per class A common share, compared to $18,823, or $0.01 per class A common share, for the same period ended June 30, 2012. Net sales for the six months ended June 30, 2013 were $925,123 compared to $803,977 for the same period ended June 30, 2012.

 

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