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FIH Mobile sees widening loss for H1, but better operating profit

Friday 3 May 2019 | 12:13 CET | News
FIH Mobile, part of Foxconn and a manufacturer of Android smartphones, said it expects a bigger net loss for the first half compared to the year before's USD 348.6 million, on the back of continuing challenges for the company going forward and the cessation of its logistics and distribution business from January. FIH said that gross margins are still under pressure, although this should ease over the course of the year. The end of the logistics and distribution business will pull revenues down, but also reduce the group expenses. That effect, coupled with other stringent cost control

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