Longcheer Holdings reports 1.8 million yuan profit in Q1
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.