Macroblock Inc. Announces Half-Year Results of 2009 at Investor Conference on August 05, 2009

20009/08/05
Hsinchu, Taiwan—Macroblock, a leading manufacturer of LED driver, today released its half-year results of 2009, assessed the business environment, and outlined the business strategy at the investor conference on August 05, 2009.

In 2009 half-year financial report, Macroblock reached revenue of NTD553 millions, decreased by 12.4% compared to that of the same period of last year. The consolidated gross profit margin reached 42.8%. The net income was NTD69.8 millions and the earnings after income tax was NTD2.28 per share.

In the second quarter of 2009, the revenue reached NTD296 millions, increased by 15.2% compared to the first quarter of 2009. However, the consolidated gross profit margin of the second quarter of 2009 was 40.2%, decreased compared to 45.8% in the first quarter of 2009 due to the product portfolio and NT dollar appreciation. The gross margin reached NTD119 millions. The income before income tax and net income both reached NTD31.9 millions. The earnings before income tax and after income tax were both NTD1.04 per share.

During the conference, Robert Chen, General Manager of Macroblock and his management team discussed the market opportunities, new product release plans, and management’s view on investing for the long-term. The summary includes:
New product release plan to echo the market opportunities in LED display, architectural lighting, LED lighting and LED backlighting respectively. The demand for LED display and architectural lighting remains big for a series events held in China, i.e. Expo 2010 Shanghai China, Guangzhou Asian Games 2010, and Oct. 1st China National Day. Global governments’ support also speeds up the expansion of LED lighting applications. In addition, the LED backlighting penetration toward mid-/large-size panel also grows faster than expectation. Upon these opportunities, Macroblock provides corresponding products and is ready to increase its market share in LED architectural lighting, LED lighting and backlighting in the long run.
Business values on technology, quality, and customer services to leverage worldwide resources. Macroblock differentiates itself by the strong customer base and accumulated professional experiences to continuously increase profit margin and market share to maximize shareholders’ value.

Detailed information can be downloaded from the Investor Relations at Macroblock website (http://www.mblock.com.tw) or from Market Observation Post System (http://newmops.tse.com.tw/).
 

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