Catcher Technology Co (可成), which supplies metal casings for Apple Inc’s iPhone models, yesterday posted sales of NT$7.98 billion (US$241.8 million) for last month, a jump of 63.57 percent year-on-year and 11.14 percent month-on-month on the back of the growing shipments for a major client’s new smartphone launch.
Last month’s results brought the firm’s total for the last quarter to NT$21.39 billion, an increase of 47.31 percent over the same period a year ago and 6.31 percent improvement over the previous quarter.
It also beat HSBC Securities Taiwan Corp’s estimate of NT$21.25 billion.
Catcher’s combined revenues totaled NT$58.93 billion in the first three quarters, up 54.02 percent from the same period last year, and exceeding the company’s total sales of NT$55.27 billion for last year.
Catcher chairman Allen Hung (洪水樹) in August told investors that sales this quarter were expected to grow significantly from the third quarter, supported by robust orders from a US client.
Carrie Liu, a HSBC analyst, had previously said the firm’s growth outlook remained positive and she expected its growth momentum to remain strong this quarter.
“We forecast Catcher’s sales this quarter to jump 48 percent from a year ago, with its annual sales rising 20 percent year-on-year, backed by strong yield and share gains in iPhone orders,” Liu said in a report released on Sept. 7.
Separately, Largan Precision Industry Co (大立光), which supplies camera lenses for iPhones, reported sales of NT$5.51 billion for last month, its highest this year.
The monthly result was better than the firm’s guidance that sales would remain flat from August’s NT$5.3 billion.
Last month’s figure was up 19.29 percent from the same period a year ago and a 3.96 percent rise from August’s results.
Largan’s quarterly sales of NT$16.08 billion was slightly down from Yuanta Securities Investment Consulting Co’s (元大投顧) forecast of NT$17.1 billion.
The company said this month’s orders are expected to be better than last month’s, given the increasing shipment request from clients.
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