Lextar Electronics has reported it consolidated revenues for the fourth quarter of 2013 reached NT$3.32 billion (US$109.55 million). The company's consolidated gross margin was 10.1%, while net profit for the fourth quarter was NT$33 million. Lextar's consolidated revenues for full-year 2013 was NT$13.75 billion, up 36.8% on year while its consolidated gross margin was 12.7%. Lextar's full-year net profits were NT$948 million while its earnings per share (EPS) were NT$1.91.
The company has seen recovery in the LED industry in 2013, noted Allen Huang, president of Lextar, adding that fierce competition dragged down pricing for LEDs thus LED makers are losing significant profits through margin erosion. Back in early 2013, the company merged Wellypower Optronics and broke through the complexity of overall integration covering all aspects including production lines, products, customers and systems in the use of its vertical integration strategy. This strategy was also implemented in Suzhou China where the company duplicated a vertically-integrated operation in Lextar Taiwan to accommodate demands in the China market, added Huang.
Lextar added that its lighting business currently accounts for 30% of its overall revenues, and expects that number to increase to 40% in 2014. Looking forward, Lextar said it expects to drive its business further by aggressively developing in the China market through the advantage of Lextar Suzhou.
