Hon Hai unit’s 2014 profit doubles

Taiwan’s FIH Mobile (formerly Foxconn International Holdings), a subsidiary of Hon Hai Precision, reported its net profit last year jumped 118 per cent to $169 million (TWD5.3 billion) on strong demand for smartphones from Apple and Chinese vendors. The Hong …

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Hon Hai unit’s 2014 profit doubles

Taiwan’s FIH Mobile (formerly Foxconn International Holdings), a subsidiary of Hon Hai Precision, reported its net profit last year jumped 118 per cent to $169 million (TWD5.3 billion) on strong demand for smartphones from Apple and Chinese vendors. The Hong …

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China Mobile’s net profit falls 10%

China Mobile – the world’s largest operator – saw its net profit last year fall sharply, with higher capex for its 4G buildout biting into margins, and service revenue slipping slightly as strong gains in data revenue couldn’t offset a fall …

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China Telecom looks to 4G for growth after almost flat 2014

China Telecom, the country’s third largest mobile operator, reported a very slight increase in profit and revenue last year after a small recovery in H2 and data gains made up for losses in mobile and fixed voice. And the company made …

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Daum Kakao’s net profit doubles on merger gain

Daum Kakao, the company behind South Korea’s most popular messaging app KakaoTalk, reported a sharp increase in its net profit last year due mainly to the merger between Daum Communication and Kakao Corp in October. Its net profit jumped 127 …

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Subsidy law hits LG Uplus, net profit falls 19%

South Korea’s LG Uplus suffered a decline in both net income and revenue last year, as a sharp drop in handset revenue weighed down its overall business. Despite a 53 per cent increase in operating income in Q4, the operator’s …

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M1’s profit expands 10% on strong handset sales

Singapore operator M1 reported a healthy increase in both its net profit and overall revenue last year as it benefited from strong growth in data usage and higher handset sales. Its net profit after tax expanded 9.7 per cent year-on-year to …

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