News Center
2010/11/02
Lextar Electronics Reports 3Q 2010 Financial Results
Lextar Electronics ("Lextar" or the "Company") (TAIEX: 3698) today announced its unaudited results for the third quarter of 2010. For the third quarter ended September 30, 2010, Lextar posted consolidated revenue of NT$2,640 million, up 10.9% from the previous quarter. Gross profit improved 21.0% quarter-over-quarter to NT$827 million, with gross margin of 31.3%. Operation profit NT$618 million, up 19.1% from the previous quarter. Net profit was NT$512 million, an 11.2% QoQ increase. The basic EPS is NT$1.43 per common share for the third quarter. The projected ROE for year 2010 reaches 29.5%.
3Q2010 Result Highlights:
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Lextar reported the following unaudited highlighted results for the third quarter of 2010: -
Revenue of NT$2,640 million, up 10.9% quarter-over-quarter -
Net profit of NT$512 million Basic EPS of NT$1.43 per common share Gross margin of 31.3% Operating margin of 23.4%
About Lextar Electronics
Lextar Electronics Corporation (TAIEX 3698), founded on May 23, 2008, is part of BenQ Group. It specializes in manufacturing high-brightness LED epi wafers, chips and packages, as well as energy-saving and smart lighting products. The range of applications includes LCD backlighting, professional lighting source, consumer lighting source and various lighting products. Lextar officially acquired LightHouse Technology Inc. in March 2010. The company now houses more than 2,100 employees and its headquarters is in the Hsinchu Science Park, Taiwan. Its manufacturing plants are located in the Hsinchu Science Park, Hukou Industrial Park and Chunan Science Park in Taiwan, and will set up a new plant in Suzhou, China. Corporate website: Lextar.com
For more information, please contact media relations:
Fiona Chiu
Corporate Communications, Lextar Electronics Corp.
Tel: +886-3-5658800 ext 1894
Fax: +886-3-5638319
Email: Fiona.Chiu@Lextar.com