Taipei, Taiwan, 9th August 2018 - Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipment today announced financial results for the second quarter of year 2018.

 

On consolidated basis, net sales for the first half of year 2018 were reported as NT$15.26 billion, which represents a 13.4% decrease over NT$17.63 billion for the first half of year 2017.  Gross profit for 1H’18 was $1.98 billion with 13% gross margin.  Income before tax and net income attributable to owner of the parent for 1H’18 were NT$461 million and NT$323 million, respectively.  Based on 246 million weighted average shares, earnings per share (EPS) for the first half of year 2018 were reported as NT$1.32.  

 

Consolidated net sales for the second quarter of year 2018 were NT$7.3 billion, which represents an 8.3% decrease compared to NT$7.96 billion for 1Q 2018. Gross profit for 2Q’18 was $950 million with 13% gross margin.  Income before tax and net income attributable to owner of the parent for 2Q’18 were NT$224 million and NT$138 million, respectively.  Based on 246 million weighted average shares, EPS were reported as NT$0.56 for the 2nd quarter of year 2018.