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Lextar Electronics Corp. (“Lextar” or the “Company) (TAIEX: 3698) today announced its results for the fourth quarter and full year of 2012. 4Q 2012 revenue was NT$ 2,357 million, a 2.2% decrease over the previous year, while gross margin was 12.9 %, up 11 % over the year-ago quarter. Net profit for 4Q 2012 was NT$ 58 million.

2012 full-year revenue was NT$ 10.56 billion, a 10.5 % YoY increase, representing a sales record for the company to have it sales exceed NT$ 10 billion. Annual gross margin was 13.1 %, a 4 % year-over-year increase. Net profit was NT$ 290 million. Earnings per share were NT$ 0.69. The annual performance for 2012 made Lextar one of the few LED companies achieving both revenue and profit growth.

Lextar also announced today that its board of directors has approved an annual dividend of NT$ 0.45 per share to shareholders.

2012 Full-Year Result Highlights：

• 	Revenue was NT$ 10.56 billion, a 10.5% YoY increase.

• 	Net profit was NT$ 290 million.

• 	Gross margin was 13.1 %, a YoY increase of 4 %.
  	Basic EPS was NT$ 0.69.

“In 2012, Lextar prepared well for the negative volatility in the LED market, practicing every step to mitigate the impact of the industry challenges resulted from fierce price erosion and the severe elimination from the competition.” said Allen Huang, President of Lextar. This firm delivered an improved annual revenue by 10.5% and returned to profitability in 2012. It also developed as one of the profitable few in the LED industry. “These are results of a few of our approaches against the ambiguity in LED market,” continued Allen Huang. “Our vertical-integrated model provided advantages for tight control over capital expenditure. Plus the strengthened product portfolio and diversified customers, we were able to enhance managerial efficiency by practicing performance management and to increase productivity by strengthened talent pool.”

“Lextar sees significant growth opportunities in the near future, since it has been cultivating relationships with customers from backlight and lighting markets. It also expects positive results in a synergy after merger with Wellypower.” said Dr. David Su, the Chairman and CEO of Lextar. Revenues from backlight business will keep in growth this year, fueled by smart phones and tablet PCs. To accommodate vast demand of LEDs used for direct-lit LED TV in China market, our new models are designed in and ready. As for lighting application, Japanese customers have strong demand for our latest premium light tubes. Panel lights, on the other hand, are delivered to customers mainly from Japan and Europe.

Looking forward, Lexrar will continue to optimize operational process and keep strong links with Chinese supply chain, to support its expanding business in backlight and lighting while retain its lead in technology and paten capability.