Brief: Xiaomi Corp Posts Q3 Profit Of RMB 2.48 Bln

Meitu

19/11/2018 10:17

Nov 19 (Reuters) - Xiaomi Corp  1810.HK :
    * Q3 OPERATING PROFIT RMB 2,210.6 MILLION VERSUS RMB 3,587.8
MILLION LAST YEAR
    * Q3 PROFIT FOR PERIOD RMB 2,480.5  MILLION VERSUS LOSS OF
RMB
10,992.7 MILLION
    * GROSS PROFIT MARGIN FROM SMARTPHONES SEGMENT DECREASED
FROM
11.7% IN Q3 OF 2017 TO 6.1% IN Q3 OF 2018
    * Q3 SMARTPHONES SEGMENT REVENUE RMB35.0 BILLION,
REPRESENTING AN
INCREASE OF 36.1%
    * Q3 TOTAL REVENUE RMB 50,846.2 MILLION VERSUS RMB 34,099.9
MILLION
    * "MONETIZATION OF OUR OVERSEAS INTERNET SERVICES BUSINESSES
IS
SHOWING EARLY PROMISE"
    * OUR SMARTPHONE SHIPMENTS FOR INDIA GREW 31% YEAR-ON-YEAR
IN THE
THIRD QUARTER OF 2018
    * EXPECT TO CONTINUE TO INCREASE HEADCOUNT IN MAINLAND CHINA
AND
KEY TARGET MARKETS IN REST OF THE WORLD
    * "OVERSEAS SHIPMENTS OF OUR SMARTPHONES CONTINUED TO
DEMONSTRATE
STRONG GROWTH MOMENTUM"
    * CO & MEITU, INC ENTERED INTO A STRATEGIC COOPERATION
AGREEMENT
    * DEAL FOR, AMONG OTHERS, EXCLUSIVE GLOBAL LICENSE OF MEITU
BRAND,
GLOBAL LICENSE OF CERTAIN TECHNOLOGIES FOR ALL FUTURE MEITU
BRANDED SMARTPHONES

Source text: http://bit.ly/2BfUGSS
Further company coverage:  1810.HK 

 ((Reuters.Briefs@thomsonreuters.com;))