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DIODES INC. REPORTS RESULTS FOR THE THREE- AND 12-MONTH PERIODS ENDED DEC. 31, 1991

 DIODES INC. REPORTS RESULTS FOR THE THREE-
 AND 12-MONTH PERIODS ENDED DEC. 31, 1991
 CHATSWORTH, Calif., March 9 /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, 1991. Results for the 12 months ended Dec. 31, 1990 are presented for comparative purposes only. The actual fiscal period ended Dec. 31, 1990 was for eight months, because of a change in the fiscal year.
 Revenues for the quarter ended Dec. 31, 1991 were $3,818,521, an increase of 5.3 percent from revenues of $3,625,442 for the corresponding period of the prior year. Net earnings for the quarter were $19,473 or 1 cent per share, compared to a loss of $223,143, or 5 cents per share, for the corresponding period of the prior year.
 Revenues for the year ended Dec. 31, 1991 were $14,699,754, an increase of 0.8 percent from revenues of $14,584,576 for the corresponding 12-month period ended Dec. 31, 1990. Net earnings for the year ended Dec. 31, 1991 were $264,732, or 6 cents per share, compared to a loss of $286,316, or 7 cents per share, for the corresponding 12-month period ended Dec. 31, 1990.
 In commenting on these results, Thomas Hurley, president, chairman of the board and chief executive officer of Diodes, stated: "I am very pleased to announce that, in spite of a difficult marketplace last year during a period of recession, our annual sales level has been maintained and the company has moved back to profitability. Emphasis continues on higher-end products which are being well received by sophisticated customers who demand high quality and reliability. I believe we are now well positioned for growth in revenues and profits as the economy rebounds."
 DIODES INC. AND SUBSIDIARIES
 Consolidated Condensed Statement of Income
 12 Months Ended Three Months Ended
 Dec. 31, Dec. 31,
 1991 1990(a) 1991 1990
 Net sales $14,699,754 $14,584,576 $3,818,521 $3,625,442
 Cost of goods
 sold 10,285,252 9,896,027 2,726,186 2,389,466
 Gross profit 4,414,502 4,688,549 1,092,335 1,235,976
 Selling,
 general and
 administrative
 expense 4,049,313 4,896,474 1,020,634 1,434,566
 Operating
 profit (loss) 365,189 (207,925) 71,701 (198,590)
 Other expense
 (income)
 Interest
 expense 66,546 118,458 12,787 17,819
 Interest income (23,786) (70,678) (8,500) (8,769)
 Other 27,027 4,179 17,271 (10,929)
 Total 69,787 51,959 21,558 (1,879)
 Earnings (loss)
 before taxes 295,402 (259,884) 50,143 (196,711)
 Provision for
 income taxes 94,361 26,432 19,833 26,432
 Earnings (loss)
 before extra-
 ordinary credit 201,041 (286,316) 30,310 (223,143)
 Extraordinary
 credit -- tax
 benefit of net
 operating loss
 carryforward 63,691 0 (10,837) 0
 Net earnings
 (loss) $264,732 ($286,316) $19,473 ($223,143)
 Earnings (loss)
 per common share:
 Earnings (loss)
 before extra-
 ordinary credit $0.05 ($0.07) $0.01 ($0.05)
 Extraordinary
 credit $0.01 $0.00 $0.00 $0.00
 Net earnings
 (loss) $0.06 ($0.07) $0.01 ($0.05)
 Number of shares
 used in
 computation 4,294,454 4,392,128 4,299,752 4,338,296
 (a) Presented for comparative purposes only. The actual fiscal period ended Dec. 31, 1990 was for eight months because of a change in fiscal year.
 -0- 3/9/92
 /CONTACT: Chris Jensen of Diodes Inc., 818-882-4920/
 (DIO) CO: Diodes Inc. ST: California IN: CPR SU: ERN


KJ-CH -- LA014 -- 6406 03/09/92 12:16 EST
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Publication:PR Newswire
Date:Mar 9, 1992
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