Mobi Development Co., Ltd. Provides Unaudited Earnings Guidance for the Year Ended December 31, 2018
January 30, 2019 at 05:36 am
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MOBI Development Co., Ltd. provided unaudited earnings guidance for the year ended December 31, 2018. For the year, the Group is expected to record a net profit as compared to a net loss incurred for the corresponding year ended 31 December 2017. The Board considers that the turnaround from net loss to net profit of the Group was mainly attributable to the following reasons: given that the global network construction was still dominated by 4G, global network construction entered its investment cycle with more resources being invested in the construction of optimized wireless network, resulting in an increase in the overall revenue of the Group; the product mix of the Group was enhanced and the revenue from some of new and high-end products had increased; and there was an improvement in the Group's profitability attributable to economies of scale and the effective costs control measures.
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.