Friday, May 22, 2015Friday, May 22, 2015

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.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!