TAIPEI: Broadband and telecommunications equipment maker Sercomm Corp yesterday said that it recorded a strong rise in first-quarter profit, boosted by revenue growth in the Internet of Things and smart-home-related businesses.
Operating profit for the January-to-March quarter surged 87 percent to NT$349 million (US$10.78 million), from NT$187 million a year earlier, while net profit rose 68 percent to NT$282 million, or earnings per share of NT$1.17.
First-quarter revenue increased by 39 percent to NT$8.82 billion, aided by higher sales in its major products such as integrated access devices, small cell base stations, smart home surveillance and optical fiber products, the company said.
