MOBI Development Co., Ltd. Provides Preliminary Unaudited Consolidated Earnings Guidance for the Year Ended December 31, 2013
January 28, 2014 at 07:43 am
Share
MOBI Development Co., Ltd. provided preliminary unaudited consolidated earnings guidance for the year ended December 31, 2013. For the year the board of directors expected to record a profit as compared to a loss for the corresponding period in 2012. The significant improvement in the group's results was primarily attributable to the following reasons: substantial increase in the group's sales as a result of the rapid growth in demand for 4G antenna products by PRC network operators; tighter control of both sales and distribution expenses, and general and administration expenses of the group; and following the issuance of 4G telecommunication licenses to PRC network operators, the group expects to see considerable investments in the construction of network stations by PRC network operators in the future, which could result in significant growth in demand for base station antenna and radio frequency subsystem products, leading to the possible substantial increase in the group's sales.
MOBI Development Co., Ltd. is an investment holding company principally engaged in the manufacture and sales of wireless communication antennas and base station radio frequency subsystems. The Company mainly operates through three segments. The Antenna System segment is engaged in the manufacture and sales of antenna systems and related products. Its antenna products include smart antennas, microwave antennas and repeater antennas, among others. The Base Station Radio Frequency Subsystem segment is engaged in the manufacture and sales of base station radio frequency subsystems and related products. Its radio frequency products include duplexers, filters, couplers and drives, among others. The Coverage Extension Solution segment is engaged in the manufacture and sales of coverage products. The Company operates businesses in China, Thailand, Japan, Canada, Mexico and Russia, among others.