Catcher Technology's EPS Hits Record High of NT$6.36 in Q3
2014/11/26 | By Steve ChuangFueled mainly by its core business of integrated metal casing manufacturing for smartphones and high-end laptops, Taiwan-based Catcher Technology Co., Ltd., a major supplier on the island, recorded a new high of NT$6.36 (US$0.21) in EPS (earnings per share) for Q3, according to its latest financial report.
The report also indicates net profits hitting a single-quarterly high of NT$4.811 billion (US$160.36 million), sharply up 32% quarter-on-quarter, or 73.6% year-on-year (YoY), with the gross profit rate of 48.8%, up 7.1 percentage points year on year for a three-year zenith.
For the first nine months of this year, its cumulative net profits totaled NT$11.439 billion (US$381.3 million) for a 10.7% YoY growth, with EPS of NT$15.11 (US$0.5).
Notably the firm's operating earnings have significantly surged this year over last year to dominate net profits, to which foreign exchange earnings contributed only NT$345 million (US$11.5 million) during Jan.-Sept., compared to as high as NT$2.5 billion (US$83.33 million) a year ago, indicative of its strong growth in core business this year.
On its thriving core business, the chairman, Allen Horng, commented that metal casings will not likely be replaced for now in mid-to-high-end smartphones and laptops, so will remain a mainstream component in the line in the short term to keep driving profitability.
The chairman is also optimistic towards Catcher Technology's continuous growth in 2015 through 2016, primarily because of having spent around NT$10 billion (US$333.33 million) on fixed assets this year, including a new factory for NT$2.6 billion (US$86.67 million) and work to boost overall output by over 30%, compared to a year ago. Horng stressed that the fixed asset expansion will surely enhance corporate performance in the next two years. (SC)
| Catcher Technology's Performance in 2014 by Quarter | |||
| Quarter
| Q1
| Q2
| Q3
|
| Revenue
| NT$10.415 Bn.
| NT$13.319 Bn.
| NT$14.529 Bn.
|
| Net Profits
| NT$2.983 Bn.
| NT$3.643 Bn.
| NT$4.811 Bn.
|