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CMC swings to profitability in 3Q11 following 17-quarter loss

MOPS, October 28; Adam Hwang, DIGITIMES Asia Friday 28 October 2011 0

Optical disc maker CMC Magnetics recorded net profits of NT$52 million (US$1.8 million) in the third quarter of 2011, turning its operations back to profitability, after suffering net losses for 17 consecutive quarters.

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