St Shine announces record dividend

RUSH ORDERS:The company had to increase its production lines to cope with a surge in demand in the final quarter of last year, which was reflected in its earnings

Taipei Times
Date: Mar 27, 2017
By: Ted Chen / Staff reporter

St Shine Optical Co Ltd (精華光學), the nation’s biggest contact lens maker, last week announced it would distribute a record high dividend on strong earnings recorded last year, but a foreign brokerage gave a reserved outlook for this year due to a lack of growth catalysts.

Shares in the maker of Ticon (帝康) brand contact lenses on Friday rallied for the second consecutive session in Taipei trading after the company reported a day earlier that its earnings had peaked in the final quarter of last year.

St Shine on Thursday reported that its net income for the final quarter of last year rose 18.1 percent annually to NT$484 million (US$15.9 million).

The company said the earnings gain last quarter was driven by a surge in rush orders.

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