Taiwan's Top-Two Optical Lens Makers Set Revenue Records in September

Taipei, Oct. 30, 2012 (CENS)--Last month both Kinko Optical Co., Ltd. and Calin Technology Co., Ltd. saw revenues hit record highs.

Kinko's consolidated revenue for September surged 9.6% from a month earlier, to NT$748 million (US$24.9 million), while Calin's rose 2.9% from the previous month, to NT$177 million (US$5.9 million).

Last quarter saw Kinko's revenue hit NT$2.09 billion (US$69 million), soaring 17% quarter over quarter and hitting new high. Industry executives estimated the company's earnings for last quarter to exceed NT$1 per share based on the company's well-received product portfolio and debt-free non core business.

Calin had revenue of NT$499 million (US$16.6 million) last quarter, soaring 28.35% from the previous quarter and also setting new high. Earnings are estimated at NT$0.8-1 per share.

Throughout Jan.-Sept., Kinko had estimated NT$2-2.3 in earnings per share while Calin was projected to have NT$1.8-2 per share.

Industry executives estimated both companies would also have strong sales this quarter if the pull-in in the traditional Aug.-Nov. high season persists.

Cannon's plan to roll out new cameras over the next few months will boost sales for Kinko and Calin this quarter.

Canon accounts for 90% of Calin's revenue, which has risen monthly since July thanks to increased shipment of single-lens camera to Canon. The lens maker plans to boost output to three million lenses a month in Nov. to handle excessive orders.

Industry executives predict Calin's revenue for this and next months will increase further due to brisk shipments of single-lens cameras for the yearend shopping season.