Catcher in the second quarter of 2016 with the worst result over the last five years
The largest supplier of the metal chassis for MacBook, iPhone and iPad company Catcher Technology has reported the results of its work in the second quarter of this year.
The income of the company amounted to 557 million dollars, and net profit was at the level of 123 million dollars. This is the worst result for the company over the last five years, or rather since the first quarter of 2011.
However, such a result, Catcher is predicted just three months ago, while revenue is expected to reach about 570 million dollars. The management of the company in may said that a sharp increase in sales is expected in the second half of 2016. The company started to supply chassis for new partners that are engaged in producing laptops and smartphones. I would suggest that one of these partners was Xiaomi, which recently introduced its first laptop.
For the first half of Catcher sales exceeded $ 1.09 billion, and the profit amounted to about 255 million dollars.