Genius expects operations to stabilize

CONTINUED EFFORTS: Optimistic about leaving dramatic swings in the past, chairman Jones Chen said Genius has improved management, training, products and yield rates

Taipei Times
Date: Dec 08, 2017
By: Lauly Li  /  Staff reporter

The earnings performance of Genius Electronic Optical Co (玉晶光), a supplier of smartphone camera lenses for Apple Inc’s iPhones, is expected to stabilize in the near term due to the company’s continued efforts to improve efficiency and yield rates, chairman Jones Chen (陳天慶) said yesterday.

“It is estimated that our operation will not dramatically fluctuate like in the past,” Chen told a teleconference.

Genius reported net income of NT$312.92 million (US$10.42 million) for last quarter, the company’s fifth consecutive profitable quarter.

In the first three quarters of this year, cumulative net income reached NT$468.98 million, or earnings per share of NT$4.7, company data showed.    [FULL  STORY]

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