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DIODES REPORTS UNAUDITED RESULTS FOR THE THREE AND NINE MONTH PERIODS ENDED SEPT. 30, 1991

                  DIODES REPORTS UNAUDITED RESULTS
      FOR THE THREE AND NINE MONTH PERIODS ENDED SEPT. 30, 1991
    CHATSWORTH, Calif., Nov. 22 /PRNewswire/  -- Diodes Inc. (AMEX: DIO), a full-line semiconductor rectifier supplier, today announced revenues and earnings results for the third quarter and nine month period ended Sept. 30, 1991.
    Revenues for the quarter ended Sept. 30, 1991 were $3,741,862, a decrease of 4.7 percent from revenues of $3,926,345 for the corresponding period of the prior year.  Net earnings for the quarter were $7,179, or 0.16 cents per share, compared to $270,959, or 6 cents per share, for the corresponding period of the prior year.
    Revenues for the nine months ended Sept. 30, 1991 were $10,881,233, a decrease of 0.7 percent from revenues of $10,959,134 for the corresponding
period of the prior year.   Net earnings for the nine month period were $245,260, or 6 cents per share, compared to a loss of $63,173, or 1 cent per share, for the corresponding period of last year.
    In commenting on these results, Thomas Hurley, chairman of the board and chief executive officer of Diodes, stated: "It is our belief that uncertainty in the economic climate and softness in the marketplace for our products have contributed to the flatness in revenues this year and the marginal earnings in the third quarter as compared with last year.  Nevertheless, I am pleased that, in spite of the slow economic conditions, we continue to show improved profitability for the year to date.  Our plan to bring glass and Schottky rectifier products to market in increasing volume continues in place and I am satisfied with our progress here.  We hope that these higher-end semiconductor products will provide the additional sales needed in order for us to achieve the growth in revenues and profitability we have planned for next year."
                    DIODES INC. AND SUBSIDIARIES
             Consolidated Condensed Statement of Income
                             (Unaudited)
                      Nine Months Ended         Three Months Ended
                           Sept. 30                  Sept. 30
                       1991        1990         1991         1990
    Net sales      $10,881,233  $10,959,134  $3,741,862   $3,926,345
    Cost of goods
     sold            7,559,066    7,506,561   2,656,328    2,568,339
    Gross profit     3,322,167    3,452,573   1,085,534    1,358,006
    Selling,
     general and
     administrative
     expense         3,028,678    3,461,908   1,071,154    1,095,641
    Operating
     profit (loss)     293,489       (9,335)     14,380      262,365
      Other expense
       (income)
    Interest
     expense            53,759      100,639      17,432       29,908
    Interest income    (15,286)     (61,909)     (7,481)     (17,347)
    Other                9,756       15,108      (2,750)     (21,155)
    Total               48,229       53,838       7,201        8,594
    Earnings (loss)
     before taxes      245,260      (63,173)      7,179      270,959
    Provision for
     income taxes       74,528            0      (3,583)           0
    Earnings (loss)
     before extra-
     ordinary credit   170,732      (63,173)     10,762      270,959
    Extraordinary
     credit -- tax
     benefit of net
     operating loss
     carryforward      (74,528)           0       3,583            0
    Net earnings
     (loss)           $245,260      $63,173      $7,179     $270,959
      Earnings (loss)
       per common share
    Earnings (loss)
     before extra-
     ordinary credit     $0.04       ($0.01)      $0.00        $0.06
    Extraordinary
     credit             ($0.02)       $0.00       $0.00        $0.00
    Net earnings
     (loss)              $0.06       ($0.01)      $0.00        $0.06
    Number of shares
     used in
     computation     4,365,035    4,439,356    4,321,447    4,418,300
    -0-                    11/22/91
    /CONTACT:  Chris Jensen of Diodes Inc., 818-882-4920/
    (DIO) CO:  Diodes Inc. ST:  California IN:  CPR SU:  ERN DM-CH -- LA002 -- 6236 11/22/91 08:32 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Date:Nov 22, 1991
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