Tue, Jan 07, 2014 - Page 14 News List

Largan reports record sales revenue

SALES EXPANSION:Largan Precicion Co counts Apple Inc as its largest client, the US company lifting its camera lens sales to reflect a record revenue

By Helen Ku  /  Staff reporter

Largan Precision Co (大立光) on Sunday reported a record revenue of NT$3.19 billion (US$105.6 million) last month, leading the company’s annual sales to hit also a new level of NT$27.44 billion last year.

The full-year figure reflected a 37 percent expansion from sales of NT$8.58 billion in 2012, the Greater Taichung-based company said.

However, shares of the world’s largest handset camera lens supplier fell 3.29 percent yesterday as investors decided to pocket Largan’s recent share gains.

Shares of Largan ended at NT$1,175 yesterday. They rose a record high of NT$1,250 on Dec 31 last year.

“Largan remains investors’ most favorite pick because the company’s leading technologies that guarantee solid business outlook,” Hua Nan Securities Co (華南永昌投顧) chairman David Chu (儲祥生) said by telephone.

“The reason why Largan’s share price did not receive boost from its sales result is because investors had pocketed gains,” Chu said.

“It’s not likely to see the share price to go lower over the next few years, and when it stops falling, chances are that it would jump to an even higher level,” he said.

As Largan counts Apple Inc as its largest client, the US company’s upcoming new iPhones, rumored to be equipped with 4.7 and 5.7-inch displays, are expected to lift up Largan’s sales because of “demand of larger-sized iPhones definitely is going to be huge,” Chu said.

Largan also counts to Nokia Ojy, BlackBerry Ltd, HTC Corp (宏達電) and Motorola Mobility Holdings Inc as its major clients.

Seperately, Catcher Technology Co (可成科技), which makes metal casings for Apple’s MacBook Air notebook and iPad Mini tablet, on Sunday said its sales last quarter rose 25.6 percent from NT$10.48 billion a quarter ago to to NT$13.11 billion.

On an annual basis, sales increased 32.29 percent from NT$9.91 billion.

For the whole of last year, Catcher’s sales grew 3.1 percent to a record high of NT$37.02 billion from NT$35.91 billion in 2012.

Catcher’s shares closed down 2.31 percent at NT$190.5 yesterday.

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