EXPANSION:The camera lens manufacturer is counting on a new plant that will start running later this year to boost production, but employee recruitment is critical, it said
Taipei Times
Date: Apr 14, 2017
By: Lauly Li / Staff reporter
Largan Precision Co (大立光), the world’s leading camera lens supplier for handsets, yesterday reported a record-high gross margin of 70.94 percent for the first quarter, driven by continued yields improvement, which helped offset the impact of a slow season and a stronger currency.
The figure outpaced last quarter’s peak season margin of 70.66 percent and was 11.7 percentage points higher from the same period a year earlier.
“The New Taiwan dollar’s appreciation and our product mix were negative factors, but better yields helped the company sustain its gross margin,” special assistant Josephine Huang (黃印嘉) told a teleconference. [FULL STORY]