Casetek Holdings’ profit dips on rising costs

Taipei Times
Date: May 05, 2015
By: Lauly Li  /  Staff reporter

Casetek Holdings Ltd (鎧勝), which supplies metal casings for Apple Inc’s MacBooks and iPads, yesterday reported its lowest quarterly net profit in two years, dragged down by rising labor costs and development expenses for a new notebook project.

Net profit dropped 19.37 percent to NT$903 million (US$29.34 million) last quarter, from NT$1.12 billion a year ago. On a quarterly basis, the figure represented a decline of about 40 percent from NT$1.5 billion.

“The new notebook project took longer than expected to develop, increasing our expenses and labor costs in China, which consequently affected profitability,” chief financial officer Jonathan Chang (張昭平) told a teleconference.     [FULL  STORY]

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