BUILDING MOMENTUM:Largan expects an increasing number of its clients to adopt dual-camera lenses this year, a trend it hopes to reap benefits from in the long term
Date: Apr 06, 2016
By: Lauly Li / Staff reporter
Camera lens supplier Largan Precision Co (大立光) yesterday forecast sales would be flat this month, following a significant year-on-year decline in revenues in the first quarter.
“We expect this month’s sales to be flat or lower than last month’s NT$3.02 billion [US$93.27 million], due to seasonal factors and weak demand from many clients,” a Largan investor relations official said by telephone.
The company’s revenue fell 21.73 percent to NT$8.7 billion in the first quarter from NT$10.56 billion in the same period last year, falling short of Morgan Stanley’s estimate of NT$9.61 billion. [FULL STORY]