CONTACTS PLANS:Chief executive Adam Lin said that the firm would aggressively expand the operational scope of its contact lens business, seeking swift profitability

Taipei Times
Date: Jul 15, 2016
By: Lauly Li / Staff reporter

Handset camera lens supplier Largan Precision Co (大立光) yesterday reported a record-high gross margin of 66.4 percent for last quarter on a better product portfolio and improved shipments.

Last quarter’s gross margin was up 8.65 percentage points year-on-year and 6.69 percentage points quarter-on-quarter, beating the market consensus estimate of 60 percent.

Operating margin also outperformed the market consensus to reach 57.64 percent last quarter, increasing 6.36 percentage points year-on-year and 7.05 percentage points quarter-on-quarter.     [FULL  STORY]