Trade Resources Company News Lextar Posted Consolidated Revenues of NT$2.357 Billion, Gross Margin of 12.9%

Lextar Posted Consolidated Revenues of NT$2.357 Billion, Gross Margin of 12.9%

Taiwan-based LED epitaxial wafer and chip maker and LED chip packager Lextar Electronics on March 4 released its financial report for the fourth quarter of 2012, with the 2012 business operation swinging from a net loss of NT$138 million in 2011 to net profit of NT$291 million (US$9.8 million).

Lextar posted consolidated revenues of NT$2.357 billion, gross margin of 12.9% and net profit of NT$58 million for the fourth quarter and consolidated revenues of NT$10.056 billion, gross margin of 13.1%, net profit of NT$291 million and net earnings per share of NT$0.69 for 2012.

Lextar's board of directors on March 4 decided to distribute a cash dividend per share of NT$0.45 for 2012 operation.

Lextar expects LED backlight units and lighting products to account for 65% and 35% respectively of its 2013 consolidated revenues. Revenues for LED backlight unit orders released by China-based vendors of smartphones, tablets and direct-type LED-backlit TVs in 2013 are expected to grow by 60-70% from 2012, Lextar indicated. Due to China-based vendors' active promotion, direct-type LED-backlit TVs will account for 40-50% of all LCD TVs sold globally in 2013 and the global overall LED-backlight penetration of LCD TVs will rise from 70% currently to 80-90%, Lextar pointed out.

For LED lighting, Lextar focuses on street lamps and flood-light lamps for outdoor lighting products as well as tubes and panel lamps for indoor lighting products.

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Lextar 2012 Operation Turns Profitable
Topics: Lighting