Lite-On IT attains 80.63% of 2004-target pre-tax profits.

GristyMcFisty used our news submit to tell us that Lite-ON has reported its self estimated  performance rating for the year ending 2004. Lite-ON's before tax profits reached NT$4.92 billion which fulfilled 80.63% of the company's goal for 2004. This represented NT$7.44 earning per share based on capital of NT$6.62 billion. 

Lite-On IT on January 31 reported its self-estimated financial performance for 2004, with pre-tax profits of NT$4.92 billion fulfilling 80.63% of the goal for 2004 and representing earnings per share of NT$7.44, based on its current capital of NT$6.62 billion.

As you can see LiteON missed its targets in 2004, most likely due to falling prices of dvd writers and increased competition.

Source: Digitimes