Diguang announces third quarter financial results

Backlights developer Diguang International Development has announced its financial results for the third quarter of fiscal year 2010 ended 30 September 2010.

Net revenue was $19.1m (£11.9m), an increase of 41 per cent from $13.5m for the comparable period in 2009.

Sales of LED products amounted to $13.5m, or 71 per cent of total sales revenue, while sales of CCFL products were $5.6m, or 29 per cent of total sales revenue.

Gross profit for the third quarter of 2010 totaled $1.5m, or eight per cent of net revenue, compared to $0.9m, or sever per cent of net revenue, for the same period of 2009.