Smartphone camera lens maker Largan Precision Co (大立光) yesterday posted a 0.63 percent month-on-month increase in revenue for last month, reversing a 16.73 percent monthly decrease in the previous month, but still declining 6.15 percent from a year earlier.
Consolidated revenue increased to NT$3.15 billion (US$107.2 million) last month from NT$3.13 billion in April, the company said in a statement, as major customers began to restock inventories ahead of new product launches in the third quarter.
The company reported revenue of NT$3.35 billion in May last year.
High-margin lenses for cameras of 20 megapixels or more accounted for 10 to 20 percent
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Smartphone camera lens maker Largan Precision Co (大立光) yesterday posted its highest net profit since the fourth quarter of 2020, attributing the figure to nonoperating gains, but gross margin continued to slide, falling to the lowest in eight years.
The Taichung-based firm made a net profit of NT$5.51 billion (US$190 million) in the first quarter of this year, up 7.34 percent from a quarter earlier. On a year-on-year basis, profit was up 3.71 percent.
Nonoperating gains contributed NT$2.75 billion, including foreign exchange gains of NT$2.38 billion, Largan said.
Earnings per share were NT$41.3, compared with NT$38.37 in the previous quarter, marking the