Tue, Jul 18, 2017 - Page 15 News List

Largan Precision Co ’s second quarter performance disappoints investors
大立光走弱 台股震盪

Largan Precision Co’s heaquarters in Taipei.

Photo: CNA

Taiwanese stocks showed signs of fatigue last Friday on the back of disappointing second quarter performance from Taiwan Semiconductor Manufacturing Co and Largan Precision Co. Traditional manufacturing stocks fluctuated in a day of discombobulation, with the TAIEX entering a period of consolidation.

The index fell by 16.24 points finishing on 10443.91 points, a fall of 0.16 percent. The day’s transactions reached NT$99.631 billion, but failed to break through the NT$100 billion mark of the previous three day’s trading.

Stock market heavyweight Largan Precision Co’s second quarter gross margin sunk to 66.49 percent, falling below the first quarter’s gross margin of 70.9 percent. Largan made NT$4.71 billion in net profit during the second quarter, a reduction of 3.48 percent on the previous quarter, while the company’s second quarter earnings per share fell to NT$35.14 from NT$36.41 in the first quarter, failing to meet expectations.

(CNA, translated by Edward Jones)






1. gross margin n. phr.

毛利率 (mao2 li4 lu4)

2. net profit n. phr.

稅後盈餘 (shui4 hou4 ying2 yu2)

3. earnings per share n. phr.

每股盈餘 (mei2 gu3 ying2 yu2)

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