Smart­phone cam­era lens maker Lar­gan May sales hit high of NT$4.42 bil.

The China Post - - LOCAL -

Sales posted in May by Lar­gan Pre­ci­sion Co., one of Tai­wan’s lead­ing smart­phone cam­era lens sup­pli­ers, reached a high for so far this year, with mar­ket an­a­lysts at­tribut­ing the growth to an in­crease in or­ders from An­droid­based de­vice ven­dors.

In May, Lar­gan recorded NT$4.42 bil­lion (US$143 mil­lion) in con­sol­i­dated sales, up 3 per­cent from a month ear­lier and up a much higher 30 per­cent from a year ear­lier.

An­a­lysts said Lar­gan, a ma­jor Tai­wanese sup­plier to Ap­ple Inc., suf­fered a decline in or­ders from the U.S. con­sumer elec­tron­ics gi­ant for the iPhone 6 and iPhone 6 Plus, the lat­est iPhone mod­els, but an in­crease in or­ders from the non-Ap­ple camp off­set the im­pact.

They said the sales growth also re­flected a trend in which more and more smart­phone ven­dors adopted high- end equip­ment, in­clud­ing 10 megapixel cam­era lenses Lar­gan spe­cial­izes in mak­ing, al­low­ing the com­pany to take ad­van­tage of its tech­nol­ogy lead over its peers.

In May, 10 mega-pixel cam­era lenses ac­counted for 20-30 per­cent of Lar­gan’s to­tal sales, 8 mega-pixel lenses made up 50-60 per­cent, 5 mega pixel lenses rep­re­sented 10-20 per­cent, the com­pany said.

As for the

first five months of this year, Lar­gan posted NT$19.24 bil­lion in con­sol­i­dated sales, up 43 per­cent from a year ear­lier.

The com­pany said that sales for June are ex­pected to stay at a sim­i­lar level to May’s. An­a­lysts said that it is pos­si­ble for Lar­gan to sur­pass NT$10 bil­lion in con­sol­i­dated sales for the sec­ond quar­ter, com­pared with NT$10.57 bil­lion recorded in the pre­vi­ous quar­ter and NT$9.98 bil­lion reg­is­tered in the sec­ond quar­ter of last year.

Lar­gan has sched­uled an an­nual gen­eral meet­ing for June 10. An­a­lysts said that the mar­ket is ea­ger to hear the com­pany’s com­ments about de­mand for the sec­ond half of this year, in par­tic­u­lar the needs for high-end cam­era lenses, 10 mega- pixel lenses and be­yond.

The smart­phone cam­era lens maker has pro­posed to the share­holder meet­ing a cash div­i­dend of NT$51 for 2014, when the com­pany posted a record high of NT$144.91 in earn­ings per share.

On Fri­day, shares of Lar­gan staged a tech­ni­cal re­bound, up 1.56 per­cent to close at NT$ 3,255.00 on the Tai­wan Stock Ex­change, from a 7.24 per­cent fall seen a ses­sion ear­lier. The stock out­per­formed the broader mar­ket, where the weighted in­dex ended down 0.09 per­cent at 9,340.13 points in con­sol­i­da­tion mode.

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