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FIH Mobile Ltd (2038.HK)

2038.HK on Hong Kong Stock

2.16HKD
22 Feb 2018
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Tue, Feb 20 2018

Foxconn unit FIH Mobile expects to post up to $525 million loss for 2017

HONG KONG Mobile handset maker FIH Mobile Ltd said on Tuesday that it expected to swing to net loss of up to $525 million for 2017 due to costs relating to a new business and loss arising from the impairment of its investment portfolio.

Foxconn unit FIH Mobile expects to post up to $525 mln loss for 2017

HONG KONG, Feb 20 Mobile handset maker FIH Mobile Ltd said on Tuesday that it expected to swing to net loss of up to $525 million for 2017 due to costs relating to a new business and loss arising from the impairment of its investment portfolio.

BRIEF-FIH Mobile Sees Group's FY Net Loss At Around $525 Mln Or Below

* ‍EXPECTS GROUP'S TURNOVER FOR YEAR ENDED 31 DECEMBER 2017 TO EXCEED US$12 BILLION​

BRIEF-FIH Mobile Says Unit ‍To Make US$99.9 Mln​ Capital Injection In Rising Stars Mobile India

* UNIT ‍TO MAKE CAPITAL INJECTION IN RISING STARS MOBILE INDIA PRIVATE LTD OF US$99.9 MILLION​

BRIEF-Fih Mobile Says Yu Mingjen Appointed Executive Director

* YU MINGJEN BEEN APPOINTED AS AN EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

BRIEF-FIH Mobile sees net loss in 2017 financial year

* ‍Expects group's turnover during q3 of 2017 to be around us$3.67 billion​

BRIEF-FIH Mobile says it has agreed to lease premises owned by it to Hon Hai Group

* ‍has agreed to lease to hon hai group premises owned by group as agreed between parties from time to time for a term up to 31 December 2019​ Source text for Eikon: Further company coverage:

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