Brief: Techfaith - For H1 2018 Reported Total Net Rev Of $13.6 Mln Compared To $23.6 Mln

China Techfaith Wireless Communication Technology

20/12/2018 11:08

Dec 20 (Reuters) - China Techfaith Wireless Communication
Technology Ltd  CNTF.O :
    * TECHFAITH PROVIDES BUSINESS UPDATE
    * TECHFAITH - HAD EXPECTED TO SEE SOME IMPROVEMENT ON MOBILE
SOLUTIONS AREA BUT MARKET HAS FURTHER WEAKENED FOLLOWING ONGOING
TRADE TENSION AND TARIFFS
    * TECHFAITH -  IN REAL ESTATE AREA, VALUATIONS, DEMAND FROM
BUYERS
NEGATIVELY IMPACTED DUE TO MORE RESTRICTIVE LENDING POLICIES AND
GREATER UNCERTAINTY
    * TECHFAITH -  NET LOSS ATTRIBUTED FOR FIRST HALF OF 2018
WAS
US$109.5 MILLION, OR US$10.3 PER ADS
    * TECHFAITH - FOR H1 2018, REPORTED TOTAL NET REVENUES OF
US$13.6
MILLION COMPARED TO US$23.6 MILLION

Source text for Eikon:  ID:nPn9jYdRVa 
Further company coverage:  CNTF.O 

 ((Reuters.Briefs@thomsonreuters.com))