Taipei, Taiwan, 12th May 2022- Sercomm Corporation (TWSE: 5388), a leading manufacturer of telecom and broadband equipment today announced financial results for the first quarter of year 2022. 

 

On consolidated basis, net revenue for the first quarter of year 2022 was NT$12.67 billion, which represents a 32% increase over NT$9.6 billion for 1Q'21.  Operating profit for 1Q’22 was NT$375 million, which represents a 116% year-over-year increase compared to NT$174 million for the same period last year. Net income attributable to owners of the parent for 1Q’22 was NT$326 million, which also represents a 135% increase compared to NT$139 million for the 1Q 2021.  Based on 252 million weighted average shares, earnings per share (EPS) was reported as NT$1.29 for the 1st quarter of 2022.