Taipei, Taiwan, 27th February 2025 - Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipment today announced financial results for the fourth quarter of year 2024.

Consolidated net sales for the fourth quarter of year 2024 were NT$13.4 billion, which represents a 14.1% year-over-year decrease compared to NT$15.6 billion for 4Q 2023. Operating profit for 4Q’24 was NT$698.4 million, which represents a 21.4 % year-over-year decrease over NT$888.9 million for the fourth quarter of year 2023. Net income attributable to owners of parent for 4Q’24 was NT$505.5 million, which represents a 27.6 % decrease compared to NT$698.1 million for the 4Q 2023.  Based on 294 million weighted average shares, EPS were reported as NT$1.72 for the fourth quarter of year 2024. 

On consolidated basis, net sales for the year 2024 were reported as NT$56.8 billion, which represents a 9.3 % year-over-year decrease over NT$62.6 billion for the year 2023.  Operating profit for the year of 2024 were NT$2,933.8 million, which represents a 5.8 % year-over-year decrease over NT$3,113.5 million for the year 2023. Net income attributable to owners of parent for the year 2024 were NT$2,271 million, which represents a 4.8 % decrease compared to NT$2,386.3 million for the same period of last year. Based on 294 million weighted average shares, earnings per share (EPS) for the year 2024 were reported as NT$7.74.  

Table 1: 2024 Statement of Comprehensive Income

* Based on weighted average shares: 293,519 thousand shares for 2024 and 260,359 thousand shares for 2023

Table 2: 4Q 2024 Statement of Comprehensive Income

* Based on weighted average shares: 293,519 thousand shares for 2024Q4 and 260,359 thousand shares for 2023Q4

Table 3: Balance Sheet