Taipei, Taiwan, 1st November, 2024 - Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipment today announced financial results for the third quarter of year 2024.

Consolidated net sales for the third quarter of year 2024 were NT$13.46 billion, which represents a 13.9% year-over-year decrease compared to NT$15.63 billion for 3Q 2023. Operating profit for 3Q’24 was NT$701.5 million, which represents a 18.2% year-over-year decrease over NT$857.6 million for the third quarter of year 2023. Net income attributable to owners of parent for 3Q’24 was NT$546.1 million, which represents a 16.7 % decrease compared to NT$655.8 million for the 3Q 2023.  Based on 298 million weighted average shares, EPS were reported as NT$1.83 for the third quarter of year 2024. 

On consolidated basis, net sales for the first three quarters of the year 2024 were reported as NT$43.36 billion, which represents a 7.6 % year-over-year decrease over NT$46.95 billion for the first three quarters of the year 2023.  Operating profit for the first three quarters of the year 2024 were NT$2,235.5 million, which represents a 0.5 % year-over-year increase over NT$2,224.6 million for the first three quarters of the year 2023. Net income attributable to owners of parent for the first three quarters of the year 2024 were NT$1,765.6 million, which represents a 4.6 % increase compared to NT$1,688.2 million for the same period of last year. Based on 293 million weighted average shares, earnings per share (EPS) for the first three quarters of the year 2024 were reported as NT$6.02.  

Table 1: 3Q 2024 Statement of Comprehensive Income

* Based on weighted average shares: 297,835 thousand shares for 3Q 2024 and 259,500 thousand shares for 3Q 2023.

Table 2: Jan.- Sep. 2024 Statement of Comprehensive Income

* Based on weighted average shares: 293,355 thousand shares for Jan.- Sep. 2024 and 257,822 thousand shares for Jan. – Sep. 2023

Table 3: Balance Sheet