Taipei, Taiwan, 13th August 2019 - Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipment today announced financial results for the second quarter of year 2019.

 

On consolidated basis, net sales for the first half of year 2019 were reported as NT$13.18 billion, which represents a 13.7% year-over-year decrease over NT$15.26 billion for the first half of year 2018.  Gross profit for 1H’19 was $2.34 billion with 17.7% gross margin rate.  Net income attributable to owners of the parent for 1H’19 was NT$391 million which represents a 21.1% increase over NT$323 million for the first half of year 2018.  Based on 245 million weighted average shares, earnings per share (EPS) for the first half of year 2019 were reported as NT$1.60.  

 

Consolidated net sales for the second quarter of year 2019 were NT$6.7 billion, which represents an 8.2% year-over-year decrease compared to NT$7.3 billion for 2Q 2018. Gross profit for 2Q’19 was $1.18 billion with 17.6% gross margin rate.  Net income attributable to owners of parent for 2Q’19 were NT$180 million, which represents a 30.4% increase compared to NT$138 million for the 2Q 2018.  Based on 245 million weighted average shares, EPS were reported as NT$0.73 for the 2nd quarter of year 2019.