Fri, May 06, 2011 - Page 12 News List

Rising smartphone demand lifts Largan

By Kevin Chen  /  Staff Reporter

Largan Precision Co (大立光), the nation’s leading maker of handset lenses, yesterday said consolidated revenue reached a record high of NT$1.34 billion (US$46.9 million) last month, up 2.52 percent from the previous month on rising demand for smartphones.

Last month’s consolidated sales were 52.27 percent higher than a year earlier, according to the company’s Web site.

In the first four months of this year, consolidated revenue totaled NT$4.85 billion, up 55.95 percent from NT$3.11 billion in the same period last year.

The Taichung-based company — whose customers include HTC Corp (宏達電), Apple Inc and Motorola Inc — said last month it was optimistic about second-quarter sales on increasing shipments and less fluctuations in the New Taiwan dollar.

However, smaller rival Kinko Optical Co (今國光), a supplier of glass-lens kits for use in Canon digital cameras including digital single lens reflex models, saw its consolidated revenue fall 0.69 percent month-on-month to NT$419.4 million last month, down 9.48 percent year-on-year.

In the first four months, accumulated revenue reached NT$1.62 billion, up 18.24 percent from a year earlier, the company said in a stock exchange filing yesterday.

Largan shares rose 2.08 percent to NT$933 on the Taiwan Stock Exchange yesterday, while Kinko rose 3.58 percent to NT$42.

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