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Wireless

FIH Mobile reduces losses in H1 as sales down nearly 3%

Friday 9 August 2019 | 14:42 CET | News
FIH Mobile reported revenues of USD 6.389 billion for the first half, down 2.65 percent from a year earlier due to the general weakness in the smartphone market and end to its distribution business at the start of the year. The net loss narrowed to USD 83.8 million from USD 348.6 million a year earlier as the group reduced costs, and FIH said it expects a "materially smaller" net loss for the full year compared to 2018. 

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Categories: Mobile & Wireless
Companies: FIH Mobile
Countries: World
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