Taiwan-based LED firm Lextar Electronics, a subsidiary of AU Optronics (AUO) has announced its financial results for the third quarter of 2012. The firm reported consolidated revenue of NT$2.894 billion (US$99 million), up 10.9% from the previous quarter and a near 15% on-year increase. Gross profit was NT$360 million with gross margin of 12.4%. Lextar's consolidated net profit for the third quarter of 2012 was NT$105 million.
Lextar reported another revenue climb in the third quarter, fueled by the growing market in backlighting with pushed utilization to above 80%. According to the firm, its days of inventory were shortened from 79 days in the second quarter to 67 in the third. Gross margin was slightly down by 2.8pp owing to the alternation of product portfolio along with the erosion of market price.
Thanks to the traditional peak season in the third quarter, the recovery in demand has sustained Lextar's shipments of backlights used for monitors, TVs, notebooks and smartphones, said the firm. As for LED chips, shipments of high-power chips remained in growth given the reinforced competitiveness by the accreditation of global brands from Korea and North America, added Lextar.
