Virus Outbreak: Largan says outlook bleak

ILL EFFECTS: The nation’s leading camera lens maker said that order visibility for June is nil, but it could easily ramp up production if market conditions change

Taipei Times
Date: Apr 10, 2020
By: Natasha Li / Staff reporter

Largan Precision Co (大立光), the nation’s leading camera lens manufacturer, yesterday gave a bleak outlook for this quarter due to the uncertainty engendered by the COVID-19 pandemic, after posting its strongest-ever first-quarter net profit, which surged 32.97 percent year-on-year to NT$6.72 billion (US$222.87 million).

This figure translated into earnings per share of NT$50.1, up from NT$37.68 a year earlier.

Revenue last quarter increased 34.52 percent to NT$13.21 billion.

Gross margin climbed to 69.8 percent from 64.24 percent, thanks to an improved product mix, as well as higher average selling prices (ASP), the company said.    [FULL  STORY]

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