Largan is the top earner per share on local bourse

Staff writer, with CNA

Mon, Nov 17, 2014 - Page 14

Smartphone camera lens supplier Largan Precision Co (大立光) was the top earner in the local bourse in terms of earnings per share (EPS) in the third quarter of this year, according to a report in the Chinese-language China Times which was published on Saturday.

Benefiting from the launch of two new iPhone models from major customer Apple Inc in September, and from the tailwinds of the peak season effects in the third quarter, Largan’s EPS of NT$39.4 (US$1.3) for the three-month period represented a rise of almost 42 percent from the second quarter.

The report said Largan’s increase in EPS for the July-to-September period was ahead of grill and barbecue equipment maker Grand Hall Enterprise Co (關中) at NT$14.33 which was followed by integrated circuit designer MediaTek Inc (聯發科), which posted NT$8.51 in EPS.

Semiconductor inspection tool and equipment maker Hermes Microvision Inc (漢微科) was in fourth place, posting NT$8.43 in EPS, followed by computer peripherals component supplier Sirtec International Co (協益) with NT$7.88.

In terms of net profit, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s largest wafer foundry operator, took the top spot in the third quarter on the back of strong demand for its advanced chipmaking process, the report said.

TSMC recorded NT$76.3 billion in net profit, for the third quarter, up 27.9 percent from the second quarter, and up 46.9 percent from a year earlier, reflecting the higher shipments the firm made in 28-nanometer and 20 nm chips, the report said.

TSMC’s net profit was the highest among the listed companies in the local bourse.

Hon Hai Precision Industry Co (鴻海精密), the world’s largest contract electronics maker, was in second place after posting NT$34.62 billion in net profit for the July-to-September period.

It was followed by MediaTek which saw NT$13.3 billion in net profit, DRAM chip supplier Inotera Memories Inc (華亞科技) with NT$11.63 billion in net profit and Chunghwa Telecom Co (中華電信) with NT$9.79 billion, the report said.