Taipei, Taiwan, 4th May 2016- Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipments, today announced financial results for the first quarter of year 2016. 

 

On consolidated basis, net sales for the first quarter of year 2016 were NT$8.81 billion, which represents a 39% increase over NT$6.35 billion for 1Q'15. Operating profit for 1Q 2016 were NT$349 million which represents an 87% year-over-year increase over NT$187 million for 1Q’15.  Income before tax were NT$351 million and net income attributable to shareholders of the parent were NT$282 million for 1Q’16, which also represent 74% and 68% year-over-year increase respectively.

 

Based on 242 million weighted average shares, earnings per share (EPS) were reported as NT$1.17 for the 1st quarter of 2016.