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CMC Magnetics suffers net loss per share of NT$0.13 last year

Jimmy Hsu, Taipei
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CMC Magnetics, the largest maker of optical discs in Taiwan, on April 27 released its 2005 financial report, posting a slight net loss per share of NT$0.13.

The net loss was due mainly to a loss of NT$1.99 billion (US$62 million) from non-operating investments and the closing of overseas factories, CMC indicated. The company’s board of directors, at a meeting on April 27, decided not to distribute a dividend for operations in 2005.

CMC’s 2005 financial performance

Item

Amount

Revenues (NT$b)

28.9

Gross operating profits (NT$b)

3.82 (gross margin of 13.2%)

Net operating profits (NT$b)

1.51

Net loss (NT$m)

389

Net loss per share (NT$)

0.13

Source: Company, compiled by DigiTimes.com, April 2006

Article translated by Adam Hwang and edited by Eric Mah