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Largan Precision reports revenues for July 2015

MOPS, August 5
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Largan Precision has reported consolidated revenues of NT$5.255 billion (US$166.43 million) for July 2015, representing a 2.9% increase on month and 49.54% increase on year.

For the first seven months of 2015, revenues totaled NT$29.598 billion, increasing 45.54% from a year earlier period.

Largan is expected to post revenues of NT$16-17 billion in the third quarter of 2015, buoyed by shipments to Apple for new iPhone devices as well as orders from China-based smartphone vendors, according to a Chinese-language MoneyDJ.com.

The company's stock price edged up 1.63% to finish at NT$3,020.00 in trading on the Taiwan Stock Exchange (TSE) on August 5, 2015.

Article translated by Steve Shen