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DIODES ANNOUNCES UNAUDITED RESULTS FOR THE THREE-MONTH PERIOD ENDED JUNE 30, 1992

 DIODES ANNOUNCES UNAUDITED RESULTS FOR
 THE THREE-MONTH PERIOD ENDED JUNE 30, 1992
 CHATSWORTH, Calif., Aug. 17 /PRNewswire/ -- Diodes Inc. (AMEX: DIO), a full-line semiconductor rectifier supplier, today announced revenues and earnings results for the second quarter and six months ended June 30, 1992.
 Revenues for the quarter ended June 30, 1992 were $4,602,652, an increase of 27.9 percent over revenues of $3,599,311 for the corresponding period of the prior year. Net earnings for the quarter were $105,213, or 2 cents per share, compared to $164,512, or 4 cents per share, for the corresponding period of the prior year. The decrease in earnings was the result of higher selling, general and administrative expenses (because of charges related to the company's subsidiary, NAE Inc.) and the reduction in the tax benefit of the net loss carryforward (because of Taiwan and California accruals for taxes).
 Revenues for the six months ended June 30, 1992 were $8,670,006, an increase of 21.4 percent over revenues of $7,139,371 for the six months ended June 30, 1991. Net earnings for the six months of 1992 were $224,295, or 5 cents per share, compared to $238,081, or 6 cents per share for the corresponding six month period of 1991. This decrease is the result of the same factors noted above as being responsible for decreased second quarter earnings.
 In commenting on these results, Thomas Hurley, president, chairman of the board and chief executive officer, stated: "Sales growth continued through the second quarter and is exceeding the target set by the company's business plan. I am particularly pleased to announce that revenues for the second quarter were the highest in the company's history. Expansion of market share in our product lines is vital to future profitability, and I believe this will continue during the rest of the current year. I am also encouraged that, in spite of a very competitive marketplace, earnings before taxes for the first six months show a 22 percent increase compared with the same period of last year."
 DIODES INC. AND SUBSIDIARIES
 Consolidated Condensed Statement of Income
 (Unaudited)
 Six Months Ended Three Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 Net sales $8,670,006 $7,139,371 $4,602,652 $3,599,311
 Cost of goods
 sold 6,207,647 4,902,738 3,320,339 2,461,137
 Gross profit 2,462,359 2,236,633 1,282,313 1,138,174
 Selling,
 general and
 administrative
 expense 2,197,487 1,957,524 1,148,321 957,143
 Operating
 profit 264,872 279,109 133,992 181,031
 Other expense
 (income)
 Interest
 expense 51,287 36,327 33,034 17,857
 Interest income (20,095) (7,805) (12,239) (6,368)
 Other (58,193) 12,506 (22,875) 5,030
 Total (27,001) 41,028 (2,080) 16,519
 Earnings before
 taxes 291,873 238,081 136,072 164,512
 Provision for
 income taxes 101,519 78,111 47,781 52,036
 Earnings before
 extraordinary
 credit 190,354 159,970 88,291 112,476
 Extraordinary
 credit -- tax
 benefit of net
 operating loss
 carryforward 33,941 78,111 16,922 52,036
 Net earnings $224,295 $238,081 $105,213 $164,512
 Earnings per
 common share
 Earnings before
 extraordinary
 credit $0.04 $0.04 $0.02 $0.03
 Extraordinary
 credit $0.01 $0.02 $0.00 $0.01
 Net earnings $0.05 $0.06 $0.02 $0.04
 Number of shares
 used in
 computation 4,299,752 4,289,156 4,299,752 4,299,752
 -0- 8/17/92
 /CONTACT: Chris Jensen, treasurer of Diodes Inc., 818-882-4920/
 (DIO) CO: Diodes Inc. ST: California IN: CPR SU: ERN


EH-LS -- LA024 -- 0603 08/17/92 14:53 EDT
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Date:Aug 17, 1992
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