Taipei, Taiwan, 11th May 2023- Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipment today announced financial results for the first quarter of year 2023. 

 

On consolidated basis, net revenue for the first quarter of year 2023 was NT$15.66 billion, which represents a 24% increase over NT$12.67 billion for the first quarter of year 2022. Operating profit was NT$655 million, which represents a 74% year-over-year increase compared to NT$375 million for the same period last year. Net income attributable to owners of the parent for was NT$506 million, which represents a 55% increase compared to NT$326 million for the same period last year.  Based on 257 million weighted average shares, earnings per share (EPS) was reported as NT$1.97 for the 1st quarter of year 2023.