Virus Outbreak: Sercomm net profit rises 34% on virus lockdowns‘BOON’: The COVID-19 pandemic has led to major changes in people’s lives, such as telecommuting and distance education, Sercomm chairman Paul Wang saidBy Lisa Wang / Staff reporterTelecom equipment maker Sercomm Corp (中磊) yesterday said that net profit last quarter expanded 34 percent year-on-year as remote study and work-from-home trends amid the COVID-19 pandemic boosted Internet use. Photo: Wang Yi-hung, Taipei TimesRevenue last quarter surged 36 percent sequentially to NT$9.25 billion (US$313.13 million), with fixed-mobile products contributing the most. In the April-to-June period, Sercomm’s net profit expanded to NT$241 million from NT$180 million in the corresponding period last year. On an annual basis, net profit expanded 2.77 times from NT$87 million. The pandemic “provides a boon to networking companies,” Sercomm chairman Paul Wang (王伯元) said.

Source: Taipei Times August 12, 2020 15:56 UTC