With media manufacturers
continually raising prices, you'd think that they'd be able to turn a profit. In Ritek's case, they've been in the red the last 10
quarters. It wasn't until the first quarter of 2007 that the company was able to rebound and return a net profit.
Ritek's
board of directors, at a meeting on April 27, approved the company's 2006 financial report, with net losses of NT$12.275 billion
(US$368.6 million) and net losses per share of NT$5.76 both the highest annual levels ever on record, according to the company. Ritek
also published its financial figures for the first quarter of this year on April 27, posting net profits of NT$101.5 million after
suffering net losses consecutively for 10 quarters since the third quarter of 2004.
The return to profitability was primarily
due Ritek modifying its production equipment to increase yield rates and by forming strategic alliances with OEM clients. If you'd like
to read more, head on over to DigiTimes.
