Macroblock Projects 2Q14 Sales to Grow 30 Percent

Macroblock anticipates LED lighting demands to grow, especially in the residential replacement lighting sector, said Chairman LC Yang at the company’s latest investor conference held on May 14, 2014. The company reported revenue of NT $457 million (US $15.1 million) for the first quarter of fiscal 2014.

The LED driver IC manufacturer also reported that LED displays still made up a majority of the company’s product portfolio in 1Q14, accounting for 85 percent while the remaining 15 percent were LED lighting and system products (such as power management).

Display demand after March has soared as the World Cup draws near. Visibility for large-scale orders is high and will act as a driver for 2Q14 revenue growth, said General Manager Chen Qikai.

The company is optimistic its 2Q14 sales will increase more than 30 percent QoQ. Product portfolio adjustments led to increase proportion of LED lighting products. Focus will mainly be centered on promoting high-end display products and cost reduction. Macroblock is optimistic net profit will continue to increase into next year.

Operating profit margin reached 7.22 percent. Net profit in 1Q14 reached NT $34.44 million (US $1.14 million), up 79 percent YoY, and EPS was NT $1.05 compared to NT $0.59 percent in 2013.

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