Largan cautious about Q2 sales: CEO

Focus Taiwan
Date: 2016/04/14
By: Han Ting-ting and Frances Huang

Taipei, April 14 (CNA) Adam Lin (林恩平), chief executive officer of Taiwan-

(CNA file photo)

(CNA file photo)

based smartphone camera lens maker Largan Precision Co. (大立光), said Thursday that the company was cautious about its second-quarter sales as it continued to be affected by the slow season.

Speaking at an investor conference, Lin forecast that Largan’s consolidated sales for April and May will change little from March, when it posted NT$3.02 billion (US$93.21 million).

In the months of May and June, advanced camera lens will weigh more heavily in the company’s portfolio as some clients are expected to ship their latest smartphone models then, he said.

In the first quarter, Largan posted consolidated sales of NT$8.27 billion, down 46 percent from the previous quarter and 22 percent from a year earlier.     [FULL  STORY]

Leave a Reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.