Catcher reports mixed income results

STILL POSITIVE: While some profit results were weaker, Catcher’s shares rose 5.28% last week from the previous week as investors were still optimistic about its outlook

Taipei Times
Date:  Nov 11, 2019
By: Chen Cheng-hui  /  Staff reporter

Catcher Technology Co (可成), the nation’s leading supplier of light metal casings and enclosures for mobile devices, on Saturday reported net income of NT$3.399 billion (US$111.8 million) for last quarter, up 24.6 percent quarter-on-quarter, but down 48.21 percent year-on-year, or earnings per share (EPS) of NT$4.41, the lowest for the July-to-September quarter in nearly four years.

Third-quarter revenue was NT$27.82 billion, up 73.04 percent from the previous quarter and 10.87 percent from a year earlier, the company said in a financial statement.

Gross margin and operating margin improved from the previous quarter, but were lower than a year earlier at 23.13 percent and 16.05 percent respectively, Catcher’s data showed.

In the first three quarters, Catcher’s net income was NT$7.82 billion, down 62.84 percent annually, or EPS of NT$10.15. Gross margin decreased 18.05 percentage points to 23.7 percent, while operating margin dropped 18.68 percentage points to 14.01 percent from a year earlier, it said.

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