MONTHS’ ASSESSMENT: ‘It looks to me that April will be better than March. May will not be slower than April,’ Largan chief executive officer Adam Lin told investors

Taipei Times
Date: Apr 12, 2019
By: Lisa Wang  /  Staff reporter

Largan Precision Co (大立光), a camera lens supplier for Apple Inc’s iPhone series, yesterday posted 26 percent annual growth in net profit for last quarter and said the momentum should escalate this quarter.

The results came as Largan is diversifying its customer base by adding customers from the Android camp to reduce downside risks from iPhones.

As one of the largest suppliers in the industry, with nine factories in Taiwan and two in China, Largan also counts Samsung Electronics Co, Huawei Technologies Co (華為), Oppo Mobile Telecommunications Corp (歐珀) and Vivo Communication Technology Co (維沃) among its major clients.

Largan said net profit rose to NT$5.05 billion (US$163.6 million) during the quarter ended March 31, compared with NT$4.02 billion in the same period last year. That translated into earnings per share (EPS) of NT$37.68 last quarter, up from NT$29.96 a year earlier.
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