Largan posts 3Q profit of NT$7.76bn

MEGAPIXELS:Largan Precision Co said that better-priced smartphone camera lenses of 10 megapixels or higher accounted for up to 80 percent of total 3Q shipments

Taipei Times
Date: Oct 13, 2017
By: Lauly Li  /  Staff reporter

Largan Precision Co (大立光), the world’s leading smartphone camera lens supplier, yesterday posted a net profit of NT$7.76 billion (US$256.84 million) for last quarter, up 11.49 percent annually and 64.75 percent quarterly on strong demand.

Earnings per share were NT$57.93, compared with NT$51.91 a year ago and NT$35.16 the previous quarter.

The gross margin gained 1.25 percentage points to 67.93 percent from last quarter, while its operating margin added 0.89 percentage points to 58.92 percent, the company said.

“A better product portfolio was the main reason behind the quarterly improvement in gross margin performance,” Largan chief executive officer Adam Lin (林恩平) told a teleconference yesterday.    [FULL  STORY]

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