Taipei, Taiwan, 10th May 2019 - Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipment today announced financial results for the first quarter of year 2019. 

 

On consolidated basis, net sales for the first quarter of year 2019 was NT$6.48 billion, which represents a 18.6% decrease over NT$7.96 billion for 1Q'18.  Gross profit for the first quarter of 2019 was $1.16 billion with 17.9% gross margin. Income before tax for 1Q’19 was NT$271 million, which represents a 15% year-over-year increased compared to NT$236 million for the same period last year. Net income attributable to owners of parent for 1Q’19 were NT$211 million, which also represents a 13% increase over NT$186 million for 1Q’18.  Based on 245 million weighted average shares, earnings per share (EPS) were reported as NT$0.86 for the 1st quarter of 2019.