Largan Precision Co (大立光), the nation’s leading maker of handset lenses, saw its consolidated revenue reach a record high of NT$1.36 billion (US$47.2 million) last month, but its monthly growth of 1.04 percent was slower than the 2.52 percent it set the previous month.
Last month’s consolidated sales were 47.5 percent higher that a year earlier, which was also lower than the yearly increase of 52.27 percent recorded in the previous month, according to information posted on the company’s Web site on Sunday.
In the first five months of this year, accumulated revenue reached NT$6.21 billion, up 54.07 percent from NT$4.03 billion a year earlier, the company’s data showed.
The Taichung-based company — whose customers include HTC Corp (宏達電), Apple Inc and Motorola Inc — has reported record sales for two consecutive months on rising demand for smartphones, but it remains to be seen if Largan will post another record figure this month.
Largan chairman Tony Chen (陳世卿) and CEO Lin En-ping (林恩平) are expected to offer their sales outlooks for this month and the second quarter, as well as their views on the optical lens industry amid robust consumer demand for smartphones and tablet devices, at the company’s annual general meeting on Thursday.
The company’s board in April approved a proposal to distribute NT$13.5 in all-cash dividends per common share based on last year’s net income of NT$4 billion, or NT$30.16 in earnings per share.
The proposed cash dividend, if approved by shareholders on Thursday, would be 35 percent higher than the NT$10 all-cash dividends Largan paid last year.
Largan’s share price, which rose 0.41 percent to NT$982 on Friday, has increased 35.17 percent this year versus a 0.82 percent rise for the benchmark TAIEX, Taiwan Stock Exchange data showed.
The local stock market was closed yesterday because of a national holiday.
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