Largan reports weak revenue in second quarter - Taipei Times

DOWNTURN?

The 12.09 percent decrease for the April-to-June period came after Yuanta Securities forecast 39 percent growth in revenue for the third quarter

By Chen Cheng-hui / Staff reporter

Handset camera lens maker Largan Precision Co (大立光) yesterday reported weaker-than-expected revenue for the second quarter, after sales last month reached the lowest level in 13 months as clients entered a product transition period and the company experienced delivery schedule issues.Revenue for the April-to-June period was NT$13.66 billion (US$427.81 million), down 12.09 percent from the same period last year, but increasing 17.07 percent year-on-year, the company said in a statement.It came after revenue last month decreased 19.18 percent quarterly and was down 10.46 percent annually to NT$3.71 billion, the lowest since May last year when revenue was NT$3.24 billion.

The Largan Precision Co building in Taichung is pictured on June 12, 2018.