Cathay Consolidated August revenue surges 62.83% to NT$307 million

  • Cathay Consolidated reported August revenue of NT$307 million.
  • 62.83% year-on-year growth extended monthly revenue above NT$300 million for six months.
  • NT$2.557 billion in first-eight-month revenue set a record, up 37.04% year-on-year.

Cathay Consolidated (1342.TW) said on the 4th that August revenue reached NT$307 million, approximately $9.7 million, up 62.83% from a year earlier. It was the sixth consecutive month above NT$300 million, although revenue fell 9% from July. Revenue for the first eight months totaled NT$2.557 billion, approximately $80.8 million, a 37.04% year-on-year increase and a record for the period. Outdoor and military shipments doubled year-on-year in August, while medical and aerospace and marine products also posted double-digit annual growth. Across the first eight months, outdoor, medical, military, and aerospace and marine revenue rose 50%, 30%, 20%, and 12%, respectively. The company said fourth-quarter orders are firmly in hand and demand is strengthening. Market attention is expected to focus on third-quarter gross margin and fourth-quarter military and medical shipments.

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Cathay Consolidated August revenue surges 62.83% to NT$307 million - CoinPost Terminal