Corporate News
2020/05/06
Sercomm Announces 1Q 2020 Financial Results
Taipei, Taiwan, 6th May 2020- Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipment today announced financial results for the first quarter of year 2020.
On consolidated basis, net sales for the first quarter of year 2020 was NT$6.8 billion, which represents a 5% increase over NT$6.48 billion for 1Q'19. Gross profit for the first quarter of 2020 was $975 million with 14.3% gross margin. Income before tax and net income attributable to shareholders of the parent for 1Q’20 were NT$104 million and NT$87 million, respectively. Based on 249 million weighted average shares, earnings per share (EPS) were reported as NT$0.35 for the 1st quarter of 2020.
