Catcher net profit shoots up in Q2 on non-operating income

Focus Taiwan
Date: 2019/08/09
By: Chang Chieh-chung and Frances Huang

Taipei, Aug. 9 (CNA) Catcher Technology Co., a supplier of metal casings to Apple Inc., saw its net profit in the second quarter rise more than 60 percent from the previous quarter because of strong income from activities not related to its main business operations.

In a statement issued Friday, Catcher said its net profit for the quarter was NT$2.73 billion (US$87.05 million), up 60.8 percent from a quarter earlier, but its operating profit fell almost 40 percent from a quarter earlier to NT$1.47 billion due to rising costs.

Non-operating income topped NT$4.61 billion in the second quarter, more than offsetting the decline in operating profit to give the company strong quarter-on-quarter profit gains, Catcher said.

The company did not elaborate on the sources of its high non-operating income.    [FULL  STORY]

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