Network-equipment maker Sercomm posts net earnings of NT$100 million in 1Q08

Irene Chen, Taipei; Steve Shen, DIGITIMES [Tuesday 6 May 2008]

Taiwan-based network-equipment maker Sercomm posted after-tax profits of NT$100 million (US$3.28 million), or NT$0.63 per share, in the first quarter of 2008, according to a company filing with the Taiwan Stock Exchange (TSE).

Consolidated gross margin stood at 16.2% in the first quarter, down slightly from the 17% in the previous quarter but up from the 14% of a year ago, the data showed.

Sercomm expects to post sequential growth in revenues in the second quarter due to seasonal factors and some shipments of carry-over orders from the first quarter, the company said.

However, gross margin for the second quarter is likely to maintain at the level seen in the first quarter due to the similarity of its product mix, noted the company.

From: http://www.digitimes.com/news/a20080506PD212.html
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