Breaking News, World News and Taiwan News.

Largan announces earnings of almost NT$3.4 bil. in May

TAIPEI, Taiwan -- Shortly after the closing bell, Mobile device camera maker Largan Precision Co. (大立光) yesterday reported record-high earnings in May while indicating an upbeat outlook on continued stellar performance throughout June.

The company yesterday reported May revenues of NT$3.393 billion, gaining 6 percent month-by-month and 73 percent year-by-year, while recording a second consecutive month of record-high performance.

The company stated that demand remains robust among its clients. In particular, the company noted that due to a client's decision to feature the duo camera configuration on its popular flagship device, module sales volume derived from the client doubled from last year's figures.

Overall sales were also propelled by the busy new product launching season of the second quarter, with performance hitting all-time highs in the past two consecutive months. June revenues are expected to continue growing with the strong momentum, the company said.

Currently, sales derived from camera modules above 10-megapixel resolution represents a 10- to 20-percent portion of overall revenues, with 8- and 5-megapixel module shipments contributing 30 to 40 percent, said the company, adding that sales of modules with resolution less than 5 megapixels has dwindled to the single digits.

The company stated that its operations are beginning to benefit from the economies of scale as production capacity continues to expand with improved yield rates through optimization. In the intermediate future, the company stated that shipping volumes and average selling prices are expected to be buoyed by clients who launched flagship smartphones during April and May. The company however, stated that it is too early to provide figures on revenues derived from voice coil motors, one of the technologies employed to facilitate camera lenses' autofocus activation. Exchange rate fluctuation remains an uncertain factor affecting performance, the company said.

In the first quarter of this year, the company accumulated revenues of NT$6.558 billion, an after-tax net income of about NT$3 billion, on profit margins of 55.61 percent — the highest seen since the fourth quarter of 2007 — with earnings-per-share performance over the period reaching NT$22.36.

Largan shares yesterday closed at NT$1,985, gaining NT$5, or 0.25 percent. Foreign institutional investors yesterday announced a NT$2,450 target price for Largan shares.

Yageo Records 3-year High Performance Results in May

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search