Brief: FIH Mobile Posts Qtrly Loss For Period US$62.5 Million

FIH Mobile

14/05/2020 10:53

May 14 (Reuters) - FIH Mobile Ltd  2038.HK :
    * DIFFICULT AT PRESENT TO PREDICT EXTENT OF IMPACT COVID-19
MIGHT
HAVE ON GROUP'S PERFORMANCE FOR SIX MONTHS
    * QTRLY LOSS FOR PERIOD US$62.5 MILLION VERSUS LOSS OF
US$68.8
MILLION
    * QTRLY REVENUE AND OTHER OPERATING REVENUE $1.85 BILLION
VERSUS
$3.13 BILLION
    * CHALLENGING CONDITIONS HAVE CONTINUED INTO 2020, WITH
GROSS
MARGINS CONTINUING TO COME UNDER PRESSURE
    * MAY WIDEN ALLOWANCE FOR EXPECTED CREDIT LOSSES FROM TRADE
RECEIVABLES FOR SIX MTHS
    * CHALLENGING CONDITIONS FROM COVID-19 EXPECTED TO GIVE RISE
TO
ONGOING MATERIAL ADVERSE IMPACT ON OPERATIONS FOR 6 MONTHS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS73hw8r
Further company coverage:  2038.HK 

 (Reuters.Briefs@thomsonreuters.com)