Brief: FIH Mobile Posts FY Loss Attributable Of US$173.9 Million

FIH Mobile

26/03/2021 12:20

March 26 (Reuters) - FIH Mobile Ltd  2038.HK :
    * LOSS FOR YEAR ATTRIBUTABLE US$173.9 MILLION VERSUS LOSS
US$12.3
MILLION
    * FY REVENUE FROM CONTINUING OPERATIONS US$8.93 BILLION
VERSUS
US$14.38 BILLION
    * MULTIPLE NEGATIVE FACTORS TRIGGERED BY COVID-19 OUTBREAK
HAVE
CONTINUED INTO 2021
    * IN 2021, GROUP WILL CONTINUE TO EXPAND IN INDIA
    * CONTINUING TREND OF STRONGER DEMAND & VERY TIGHT SUPPLY
LASTED
TILL END OF YEAR, WILL ROLL OVER TO Q1 & LIKELY WILL CONTINUE IN
Q2
    * AS AT 31 DEC 2020, GROUP HAD A TOTAL OF 70,381 EMPLOYEES
VERSUS
85,729 EMPLOYEES ON 31 DEC 2019
    * WILL CONTINUE TO RIGHTSIZE UNDERPERFORMING PARTS OF
MANUFACTURING OPERATIONS & INCURR COSTS, IMPACTING 2020 RESULTS
& LIKELY 2021 RESULTS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKSTMZmd
Further company coverage:  2038.HK 

 (Reuters.Briefs@thomsonreuters.com)