The revenue of NAFCO related to the aerospace sector in Q3 this year continued to increase over Q2. However, due to the result of the 1st sentence in a civil court for the lawsuit claiming compensation for damage, NAFCO planned to add NT$0.199 billion into the reserved compensation in Q3, causing pressure to the operation in Q3.

Under the influence of compensation of nearly NT$0.2 billion, the profit of NAFCO this year is very likely to decline sharply. As the expectation to the aerospace market is still quite high and some orders made to aerospace OEM have been gradually shifted to Asia, NAFCO’s profit is expected to grow next year.

Nearly 80% of the revenue of NAFCO is from aerospace fasteners and related parts. The biggest customer of NAFCO is one big aircraft engine supplier located in the U.S. Recently it has expanded product lines to machined parts as the strategy to consolidate its position in supply of key aerospace components.

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