Taipei, Taiwan, 30th July 2024 - Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipment today announced financial results for the second quarter of year 2024.

Consolidated net sales for the second quarter of year 2024 were NT$13.7 billion, which represents a 12.5% year-over-year decrease compared to NT$15.7 billion for 2Q 2023. Operating profit for 2Q’24 was NT$677.3 million, which represents a 4.9% year-over-year decrease over NT$712.5 million for the second quarter of year 2023. Net income attributable to owners of parent for 2Q’24 was NT$545.2 million, which represents a 3.6 % increase compared to NT$526.6 million for the 2Q 2023.  Based on 296 million weighted average shares, EPS were reported as NT$1.84 for the second quarter of year 2024. 

On consolidated basis, net sales for the first half of the year 2024 were reported as NT$29.9 billion, which represents a 4.5 % year-over-year decrease over NT$31.3 billion for the first half of the year 2023.  Operating profit for the first half of the year 2024 were NT$1,534 million, which represents a 12.2 % year-over-year increase over NT$1,367 million for the first half of the year 2023. Net income attributable to owners of parent for the first half of the year 2024 were NT$1,219.4 million, which represents a 18.1 % increase compared to NT$1,032.4 million for the same period of last year. Based on 291 million weighted average shares, earnings per share (EPS) for the first half of the year 2024 were reported as NT$4.19.  

Table 1: 2Q 2024 Statement of Comprehensive Income

* Based on weighted average shares: 295,565 thousand shares for 2Q 2023 and 257,376 thousand shares for 2Q 2023.

Table 2: 1H 2024 Statement of Comprehensive Income

* Based on weighted average shares: 291,115 thousand shares for 1H 2024 and 256,982 thousand shares for 1H 2023

Table 3: Balance Sheet