MOBI Development Co., Ltd. Reports Earnings Results for the Half Year Ended June 30, 2022
August 19, 2022 at 09:13 am
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MOBI Development Co., Ltd. reported earnings results for the half year ended June 30, 2022. For the half year, the company reported sales was CNY 323.32 million compared to CNY 263.23 million a year ago. Net loss was CNY 53.04 million compared to CNY 57.58 million a year ago.
Basic loss per share from continuing operations was CNY 0.065 compared to CNY 0.0704 a year ago. Diluted loss per share from continuing operations was CNY 0.065 compared to CNY 0.0704 a year ago.
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.