Largan’s gross margin rises on scale expansion and better product mixOVER 55 PERCENT: Q4 was the best quarter of last year in terms of gross margin, but net profit was lowest due to more than NT$2bn in foreign exchange lossesBy Chen Cheng-hui / Staff reporterLargan Precision Co’s (大立光) gross margin improved in the fourth quarter of last year thanks to an expanded business scale and an improved product portfolio, the smartphone camera lens maker said yesterday. Gross margin rose to 55.85 percent, up 2.15 percentage points from 53.7 percent in the third quarter of last year, marking the highest quarterly gross margin of the year, said the leading maker of optical lens modules, which also produces voice coil motors and sleep monitoring systems. In the fourth quarter of 2021, gross margin was 55.85 percent, company data showed. Photo: CNADespite the improvement in gross margin, the Taichung-based firm’s net profit last quarter fell to the lowest in six quarters due to higher foreign exchange losses. The company booked foreign exchange losses of NT$2.42 billion last quarter, Largan said.

Source: Taipei Times January 13, 2023 04:10 UTC