Largan's revenues record one-year high in August
By Kathryn Chiu, The China PostTAIPEI, Taiwan -- Largan Precision's (大立光電) revenues hit a one-year high in August, growing 56.85 percent year-on-year to hit NT$2.406 billion.
September 6, 2013, 12:48 am TWN
That wasn't the only good news for the firm; based on orders received, consolidated revenues for September will also increase month-on-month.
The Taiwan-based handset-use lens module maker's January-August consolidated revenues reached NT$15.477 billion, an annual rise of 59.7 percent.
Of Largan's current shipments, 8-megapixel models account for 30-40 percent, 5-megapixel models for 10-20 percent and 1-megapixel and below models for 20-30 percent, the firm said in a statement.
Last month, Largan posted consolidated sales of NT$2.10 billion, up about 7.1 percent from June and up 78 percent over the previous year.
The company's consolidated sales totaled NT$5.84 billion in the second quarter, up more than 14 percent from the first quarter. They totaled NT$10.96 billion in the first half, up 57 percent year-on-year.
Analysts said Largan's sales, released after the close of trade yesterday, beat market expectations, with analysts having taken into account the traditional peak season.
Largan shares rose 1.45 percent to close at NT$1050 yesterday, helping it remain the most expensive stock on the local market. The second most expensive stock in Taiwan is semiconductor inspection tool provider Hermes Microvision Inc. (漢微科), which closed flat at NT$852 yesterday.
Analysts believe that Largan's third-quarter shipments are poised to increase on Apple Inc.'s launch of its new iPhone.
Apple is one of the camera lens supplier's major customers.
Largan said its major clients, including the world's top 10 smartphone brands, have started restocking their inventory due to the peak-season effect, leading it to believe that its sales in the second half would outpace those in the first half of the year.