MOBI Development Co., Ltd. Provides Earnings Guidance for the Six Months Ended June 30, 2014
July 18, 2014 at 06:21 am EDT
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The board of directors MOBI Development Co., Ltd. announced that the Group is expected to record a substantial increase in its unaudited consolidated net profit for the six months ended June 30, 2014 as compared to the unaudited consolidated net profit of the Group for the same period a year ago. The substantial increase in the Group's net profit was primarily attributable to the following reasons: Benefiting from the 4G network building of the PRC network operators; there was a significant increase in the sales of the Group's other products to the major customers; and the tighter control of both selling and distribution expenses, and general and administration expenses of the Group.
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.