Taipei, Taiwan, 19th March 2013- Sercomm Corporation (TSE: 5388), a leading manufacturer of broadband and wireless networking equipments, today announced financial results for the fourth quarter and full year 2012. 

On consolidated basis, net sales for 4Q'12 were NT$ 4.27 billion, which represents a 9.7% increase over NT$ 3.89 billion for 4Q'11. Income before tax and net income for 4Q’12 were NT$ 163 million and NT$ 120 million, respectively. Based on 193 million weighted average shares outstanding, earnings per share (EPS) were reported as NT$ 0.6 for the 4th quarter of 2012.

Cumulatively, consolidated net sales for 2012 were NT$ 19.27 billion, which represents a 45.5% increase over NT$13.24 billion for year 2011. Income before tax for 2012 were NT$ 935 million, which represents a 33.4% year-over-year increase over NT$ 701 million for 2011. Net income for 2012 were NT$ 755 million, which also represents a 29.5% increase compared to NT$ 583 million for year 2011. Based on 193 million weighted average shares outstanding, EPS for year 2012 were reported as NT$ 3.9. 

Table 1: 2012 Income Statement (Consolidated) 


Table 2: 2012 Balance Sheet (Consolidated)