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DIODES INC. ANNOUNCES UNAUDITED RESULTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 1993

 CHATSWORTH, Calif., May 14 /PRNewswire/ -- Diodes Inc. (AMEX: DIO), a full-line semiconductor rectifier supplier, today announced revenues and earnings results for the first quarter ended March 31, 1993.
 Revenues for the quarter ended March 31, 1993, were $5,220,490, an increase of 28.4 percent over revenues of $4,067,354 for the corresponding period of the prior year. Net earnings for the quarter were $10,761, or zero cents per share, compared to $119,082, or 3 cents per share, for the corresponding period of the prior year. The company incurred some $130,000 of extraordinary expenses (related to management changes and anticipated moving expenses) and $65,000 of additional inventory reserves (for the final adjustment of NAE inventory) during the quarter. Net of these items, net earnings for the quarter ended March 31, 1993, would have been approximately $190,000, or 4 cents per share.
 In commenting on these results, David Lin, president and chief executive officer, stated: "We continue to experience very strong order activity from all market segments and look forward to an increase in both revenues and profitability during the second quarter."
 DIODES INC. AND SUBSIDIARIES
 Consolidated Condensed Statement of Income
 (Unaudited)
 Three Months Ended
 March 31,
 1993 1992
 Net sales $5,220,490 $4,067,354
 Cost of goods sold 3,821,382 2,887,308
 Gross profit 1,399,108 1,180,046
 Selling, general and
 administrative expense 1,414,906 1,049,166
 Operating profit (loss) (15,798) 130,880
 Other expense (income)
 Interest expense 23,842 18,253
 Interest income (10,025) (7,856)
 Other (50,129) (35,318)
 Total (36,312) (24,921)
 Earnings before taxes 20,514 155,801
 Provision for income taxes 9,753 53,738
 Net earnings before
 extraordinary credit 10,761 102,063
 Extraordinary credit - tax benefit
 of net operating loss carryforward 0 17,019
 Net earnings $10,761 $119,082
 Net earnings per common share
 Earnings before extraordinary credit $0.00 $0.02
 Extraordinary credit 0.00 0.01
 Net earnings $0.00 $0.03
 Number of shares used in computation 4,427,057 4,299,752
 -0- 5/14/93
 /CONTACT: Chris Jensen, treasurer of Diodes, 818-882-4920/
 (DIO)


CO: Diodes Inc. ST: California IN: CPR SU: ERN

LS-JL -- LA005 -- 8443 05/14/93 08:02 EDT
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Publication:PR Newswire
Date:May 14, 1993
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