Largan profits rise, sales to improve

PEAK SEASON: Largan CEO Adam Lin said that production has reached full capacity and would continue unchanged through next month, while orders have been steady

Taipei Times
Date: Jul 12, 2019
By: Natasha Li  /  Staff reporter

Handset camera lens supplier Largan Precision Co (大立光) yesterday reported a 29.62 percent increase in net profit for last quarter to NT$6.55 billion (US$211.1 million) from NT$5.05 billion in the first quarter, or earnings per share (EPS) of NT$48.84.

The Taichung-based firm posted revenue of NT$14.08 billion for last quarter, up 43.34 percent on a quarterly basis, while gross margin rose by 5.36 percentage points to 69.6 percent.

In the first half of the year, net profit surged by 22 percent year-on-year to NT$11.6 billion, with EPS rising from NT$70.97 to NT$86.51 over the period, Largan said.

Revenue increased 13 percent to NT$23.9 billion in the first six months, with 10-megapixel lenses making up 50 to 60 percent of total shipments, followed by 20-megapixel lenses and higher, which contributed 20 to 30 percent, while 8-megapixel lenses made up another 10 to 20 percent, the company said.    [FULL  STORY]

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