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DIODES INC. ANNOUNCES RESULTS FOR THE THREE- AND 12-MONTH PERIODS ENDED DEC. 31, 1992

 CHATSWORTH, Calif., March 5 /PRNewswire/ -- Diodes Inc. (AMEX: DIO), a full-line semiconductor rectifier supplier, today announced revenues and earnings results for the fourth quarter and year ended Dec. 31, 1992.
 Revenues for the quarter ended Dec. 31, 1992, were $5,071,409, an increase of 32.8 percent from revenues of $3,818,521 for the corresponding period of the prior year. Net earnings for the quarter were $127,828, or 3 cents per share, compared to $19,473, or 1 cent per share, for the corresponding period of the prior year.
 Revenues for the year ended Dec. 31, 1992, were $18,429,722, an increase of 25.4 percent from revenues of $14,699,754 for the year ended Dec. 31, 1991. Net earnings for the year ended Dec. 31, 1992, were $404,986, or 9 cents per share, compared to $264,732, or 6 cents per share, for the year ended Dec. 31, 1991.
 In commenting on these results, Hurley stated: "I am particularly pleased to announce that revenues in the fourth quarter of 1992 gave us the first $5 million quarter in the company's 33-year history. However, while fourth-quarter profits were substantially higher than in the corresponding prior quarter, they have not yet reached what I believe to be an acceptable level.
 "Diodes looks forward to some milestone events in the new year. These include delivery of the first production units from our joint venture manufacturing company in mainland China and substantial sales to Delco Electronics, one of our industry's most demanding customers. We also plan to expand and strengthen our strategic alliance with ITT Semiconductor.
 "I continue to believe that our strategy of repositioning the company to serve first tier customers will result in substantial revenue growth and higher levels of profitability in the future."
 DIODES INC. AND SUBSIDIARIES
 Consolidated Condensed Statement of Income
 Three Months Ended 12 Months Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Net sales $5,071,409 $3,818,521 $18,429,722 $14,699,754
 Cost of goods
 sold 3,740,261 2,726,186 13,425,117 10,285,252
 Gross profit 1,331,148 1,092,335 5,004,605 4,414,502
 Selling,
 general and
 administrative
 expense 1,236,530 1,020,634 4,612,447 4,049,313
 Operating
 profit 94,618 71,701 392,158 365,189
 Other expense
 (income)
 Interest expense 27,382 12,787 108,824 66,546
 Interest income (19,104) (8,500) (54,159) (23,786)
 Other (51,216) 17,271 (150,598) 27,027
 Total (42,938) 21,558 (95,933) 69,787
 Earnings before
 taxes 137,556 50,143 488,091 295,402
 Provision for
 income taxes 52,952 19,833 169,873 94,361
 Earnings before
 extraordinary
 credit 84,604 30,310 318,218 201,041
 Extraordinary
 credit -- tax
 benefit of net
 operating loss
 carryforward 43,224 (10,837) 86,768 63,691
 Net earnings $127,828 $19,473 $404,986 $264,732
 Earnings per
 common share
 Earnings
 before extra-
 ordinary credit $0.02 $0.01 $0.07 $0.05
 Extraordinary
 credit $0.01 $0.00 $0.02 $0.01
 Net earnings $0.03 $0.01 $0.09 $0.06
 Number of shares
 used in
 computation 4,299,752 4,299,752 4,299,752 4,294,454
 -0- 3/5/93
 /CONTACT: Chris Jensen, treasurer of Diodes Inc., 818-882-4920/
 (DIO)


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

BP-LS -- LA013 -- 3521 03/05/93 14:45 EST
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Date:Mar 5, 1993
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