Macroblock, a leading manufacturer of LED driver, today released its annual results of fiscal year 2008 and the first quarter results of 2009. The gross profit margin in the first quarter of 2009 outperformed that of the same period of last year. In addition, Macroblock also assessed the business environment and outlined the business strategy at the investor conference held by Gre Tai Securities Market (the GTSM) at Grand Formosa Regent Taipei on April 29, 2009.

In fiscal year 2008, Macroblock reached revenue of NTD1.29 billions, a 7% growth compared to that of fiscal year 2007. Consolidated gross profit margin was 42%, and the earnings after income tax were NTD8.65 per share. The Board of Directors declared cash dividend of NTD6.00 per share on March 17, 2009.

In the first quarter of 2009, Macroblock reached revenue of NTD257millions, decreased by 15% compared to that of the previous quarter and decreased by 12% compared to that of the same period of last year. However, the consolidated gross profit margin significantly increased to 46% compared to 42% for the same period of last year due to the successful product portfolio and US dollar appreciation. The earnings before income tax and after income tax were NTD1.35 and NTD1.25 per share, respectively.

During the conference, Robert Chen, General Manager of Macroblock, and his management team also highlighted a number of specific actions Macroblock has taken for long-term growth during challenging times. Robert Chen highlighted, “Macroblock has continuously introduced and expanded new products in the LED display, lighting, and backlighting markets, and the complete product portfolio covers a wide range of LED applications. The significant profit margin increase and decreased turnover also show our efforts on product portfolio and inventory management to maximize shareholder value and profitability growth.” Robert Chen continued, “Besides, Macroblock offers short lead time, increases inquiry and claim processing speed, and provides strong and professional supports. These all led us to better customer services and built good business relationships with customers for win-win cooperation.”