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Largan shareholders vote on cash dividends

Largan, a camera lens maker for mobile devices, yesterday recognized last year's earnings per share of NT$38.76, of which NT$17 will be distributed as dividends, all in cash.

The resolution was voted on by shareholders during the firm's annual shareholders' meeting yesterday.

Last year, Largan posted consolidated sales of NT$15.984 billion, a rise of 29 percent from the NT$12.351 billion for 2010. Gross profit margin was 43.42 percent, and net profit was NT$5.198 billion, also a rise of 29 percent from the NT$4.044 billion for 2010. Earnings per share were NT$38.76, the highest ever for the company.

“Revenue and profit both grew from 2010, due to various positive factors including hot sales for smartphones and strong demand for high-resolution phone cameras,” said Chen Shih-chin, Largan chairman who presided over the shareholders' meeting.

As for this year, Chen cited local and international think tanks as saying smartphones will continue to grow, while the popularity of tablet PCs will give rise to more newfangled applications. All this will drive the growth of mobile device camera lenses this year, he said.

The company will continue to focus on camera lenses for smartphones and tablet PCs and upgrade research and development as well as manufacturing, he said. Largan will in the meantime maintain its competitiveness by capitalizing on its cost advantages, he added.

The firm will also focus on other optoelectronic products to keep its leadership status in the industry, he said.

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