Catcher 3Q14 revenues, net operating profit hit records
Adam Hwang, DIGITIMES, Taipei [Thursday 6 November 2014]

Metal-alloy chassis maker Catcher Technology had consolidated revenues of NT$14.529 billion (US$480 million) and net operating profit of NT$5.457 billion for the third quarter of 2014 hitting respective quarterly records, the company indicated at a November 6 investors conference.

To meet large demand for aluminum extrusion-based unibody metal chassis used in iPhones and iPads, Catcher has invested NT$19.3 billion to expand production capacity by over 30% so far in 2014, with the capital expenditure far exceeding the NT$9.6 billion spent in 2013, company chairman Hong Shui-shu said. Catcher’s clients, in view of sluggish growth in notebook demand, have increasingly adopted metal-alloy chassis for mid-range and high-end notebooks in a bid to seek higher profitability, Hong indicated.

To solve labor shortages and wage hikes in China, Catcher has been making efforts to increase production automation, Hong said.

Catcher on November 6 reported consolidated revenues of NT$5.410 billion for October, hitting a monthly record, and NT$43.674 billion for January-October, rising 25.92% on year.

With booming shipments of iPhone 6/6 Plus chassis, Catcher is very likely to see record consolidated revenues for the fourth quarter, according to market watchers.

Catcher Technology: Financial report, 3Q14 (NT$b)

Item

Amount

Q/Q

Y/Y

January-September

Y/Y

Consolidated revenues

14.529

9.1%

39.2%

38.264

27.0%

Gross margin

48.83%

down 0.40pp

up 7.17pp

46.92%

up 4.26pp

Net operating profit

5.457

5.8%

68.2%

13.823

41.0%

Net profit

4.811

32.0%

73.6%

11.439

10.7%

Net EPS (NT$)

6.36

15.11

Source: Company, compiled by Digitimes, November 2014

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