Corporate News
2011/04/28
Sercomm Announces 1Q’11 Financial Results
Taipei, Taiwan, 28th April 2011- Sercomm Corporation (TSE: 5388), a leading manufacturer of broadband and wireless networking equipments, today announced financial results for the first quarter of year 2011.
On consolidated basis, net sales for the 1st quarter of year 2011 were NT$2.71 billion, which represents a 55% increase compared to NT$1.75 billion for 1Q’10. Gross margin rate were reported 18.1% for the first quarter of year 2011. Income before tax for 1Q’11 were NT$173 million, which represents a 119% year-over-year increase over NT$79 million for the first quarter of year 2010. Net income for 1Q’11 were NT$144 million, which also represents a 129% increase compared to NT$63 million for the same period last year. Based on 173 million weighted average shares outstanding, earnings per share (EPS) were reported as NT$0.83 for the first quarter of year 2011.
On consolidated basis, net sales for the 1st quarter of year 2011 were NT$2.71 billion, which represents a 55% increase compared to NT$1.75 billion for 1Q’10. Gross margin rate were reported 18.1% for the first quarter of year 2011. Income before tax for 1Q’11 were NT$173 million, which represents a 119% year-over-year increase over NT$79 million for the first quarter of year 2010. Net income for 1Q’11 were NT$144 million, which also represents a 129% increase compared to NT$63 million for the same period last year. Based on 173 million weighted average shares outstanding, earnings per share (EPS) were reported as NT$0.83 for the first quarter of year 2011.
