Telecommunication News
- China TechFaith Wireless posts loss
Date: 16-May-2007 Sources: (Shenzhen Daily)
MOBILE phone software developer China TechFaith Wireless Communication Technology Ltd. said Monday it recorded a loss on rising expenses.
The Beijing company had a first-quarter net loss of US$3.4 million, or 8 cents per share, compared with its year-earlier net income of US$1.3 million, or 3 cents per share. Net revenue more than doubled to US$27.3 million from US$12.8 million.
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