Taipei Times
Date: Apr 13, 2018
By: Ted Chen  /  Staff reporter

Largan Precision Co (大立光), which supplies camera lenses for Apple Inc’s iPhones, yesterday reported that net income last quarter fell 18 percent annually to NT$4.02 billion (US$137.39 million), as aggregate sales in the first quarter dropped 18 percent annually to NT$8.88 billion.

Largan’s earnings per share were NT$29.96 in the first quarter, making the January-to-March period the firm’s poorest showing of the past seven quarters.

Gross margin fell from 70.94 percent for the same period a year earlier to 63.33 percent, its lowest of the past eight quarters, while operating margin dropped from 61.87 percent to 52.82 percent.

Largan chief executive officer Adam Lin (林恩平) attributed last quarter’s poor performance not only to its weaker top-line numbers, but also to a dip in the production yield rate as the company took on new customer designs.    [FULL  STORY]