Longcheer Holdings reports 1.8 million yuan profit in Q1
Published on Oct 29, 2012 9:32 PM
Chinese mobile handset design house Longcheer Holdings has returned to the black, with an first quarter net profit of 1.8 million yuan.
The group had reported a loss 6.4 million yuan previously.
Revenue for the three months ended Sept 30 fell by 13 per cent to 616 million yuan.
This was due to a decrease of 44 per cent in product shipment from 5.46 million units to 3.04 million units.
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