CMC Magnetics and Ritek, the top two makers of optical discs in Taiwan, on May 2, announced a net earnings per share (EPS) of NT$0.06 and a net loss per share of NT$0.35, respectively, for the first quarter of 2006.
Despite a 26.56% year-on-year growth in revenue, Ritek suffered a gross operating loss of NT$25.2 million (US$791,000) last quarter. In contrast, CMC posted a gross margin of 9.0% for last quarter.
Both companies expect a better second quarter that the first due to possible price increases for CD-R and DVD+R/-R discs and drops in the price of polycarbonate (PC).
CMC expects revenues of NT$2.5 billion (US$78.9 million) for April, according to the Chinese-language Apple Daily. The company said it should see robust sales continue throughout the second quarter, according to the paper.
Story source:
digitimes.com.
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