Taipei, Taiwan, 3rd November 2017 - Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipments today announced financial results for the third quarter of year 2017. 

 

On consolidated basis, net sales for the third quarter of year 2017 were NT$10.52 billion, which represents a 13% increase compared to NT$9.3 billion for 2Q’17.  Operating profit for 3Q’17 were NT$458 million, which represents a 27% quarter-over-quarter increase over NT$360 million for the second quarter of year 2017.  Net income attributable to owners of parent for 3Q’17 were NT$389 million, which also represents a 22% increase compared to NT$318 million for the 2Q 2017.  Based on 243 million weighted average shares, EPS were reported as NT$1.60 for the 3rd quarter of year 2017. 

 

Consolidated net sales from January to September of year 2017 were reported as NT$28.15 billion, which represents a 2% increase over NT$27.56 billion for the same period of 2016.  Sales of 3Q’17 and first three quarters both set the Company’s new sales record.  Operating profit and net income attributable to owners of parent for the first three quarters of 2017 were NT$1.09 billion and NT$936 million, respectively.  Based on 243 million weighted average shares, earnings per share (EPS) for the first three quarters of year 2017 were reported as NT$3.85.