2013 Net Profit and EPS Set New Company Record

Taipei, Taiwan, 20th February 2014- Sercomm Corporation (TSE: 5388), a leading manufacturer of broadband and wireless networking equipments, today announced financial results for the fourth quarter and full year 2013.

On consolidated basis, net sales for 4Q'13 were NT$ 4.80 billion, which represents a 12.5% increase over NT$ 4.27 billion for 4Q'12.  Income before tax and net income for 4Q’13 were NT$ 268 million and NT$ 222 million, respectively.  Based on 202 million weighted average shares, earnings per share (EPS) were reported as NT$ 1.1 for the 4th quarter of 2013.

Cumulatively, consolidated net sales for 2013 were NT$ 19.08 billion, which represents a 1% decrease over NT$19.27 billion for year 2012.  Income before tax for 2013 were NT$ 1,024 million, which represents a 9.8% year-over-year increase over NT$ 933 million for 2012.  Net income for 2013 were NT$ 845 million, which also represents a 12.1% increase compared to NT$ 754 million for year 2012.  Based on 202 million weighted average shares, EPS for year 2013 were reported as NT$ 4.19.

Table 1：2013 Statement of Comprehensive Income (Consolidated)

Table 2: 4Q 2013 Statement of Comprehensive Income (Consolidated)

Table 3: 2013 Balance Sheet (Consolidated)