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 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]