Diguang releases first-quarter results

Diguang, a developer of LED and CCFL backlights, has announced that for its first quarter of fiscal year 2010 net revenue totalled approximately $12.5m (£8.6m), an increase of 108.1 per cent from $6m for the comparable period in 2009. 

Gross profit totalled $1.7m, or 13.7 per cent of net revenue, compared with $0.6m, or 10.4 per cent of net revenue, for the same period of 2009. 

The company’s net loss attributable to common shares during the three months ended 31 March 2010 was $0.6m, improved from a net loss of $1.2m attributable to common shares for the same period in 2009.