Largan profits dip 25.7 percent in Q2

LOW DEMAND: Although the company last month posted positive revenue growth, ending two months of declines, customer demand remains down, Largan’s CEO said

Taipei Times
Date: Jul 10, 2020
By: Angelica Oung / Staff reporter

The premises of Largan Precision Co is pictured in Taichung yesterday.
Photo: Chen Mei-ying, Taipei Times

Largan Precision Co (大立光), the nation’s leading handset camera lens manufacturer, yesterday posted a 25.77 percent quarterly decline in net profit for last quarter to NT$4.99 billion (US$168.7 million), reaching its weakest level in nine quarters due to sagging demand.

Largan in the first quarter made NT$6.72 billion in net profit, the company said.

Earnings per share in the last quarter dropped to NT$37.19 from NT$50.1 in the previous quarter.

The Taichung-based company yesterday also booked a nonoperating loss of NT$536.42 million for the last quarter, reversing a nonoperating income of NT$414.64 million in the first quarter.

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