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BRIEF-FIH Mobile Sees Q1 Consol Net Loss Of Around $69 Mln

Reuters

May 3 (Reuters) - FIH Mobile Ltd:

* EXPECTS GROUP TO RECORD A CONSOLIDATED NET LOSS OF AROUND US$69 MILLION FOR Q1 2019

* EXPECTS GROUP TO RECORD A CONSOLIDATED NET LOSS FOR 1H 2019

* ESTIMATES THAT GROUP'S TURNOVER FOR THREE MONTHS ENDED 31 MARCH 2019 IS LIKELY TO BE AROUND US$3.044 BILLION

* EXPECTS GROUP'S OPERATING EXPENSES TO BE AROUND US$97 MILLION FOR Q1 2019

* EXPECTS CONSOLIDATED NET LOSS FOR 1H 2019, LIKELY TO BE LOWER THAN NET LOSS OF US$348.6 MILLION FOR HY ENDED 30 JUNE 2018

* EXPECTED NET LOSS FOR 1H 2019 DUE TO GROUP'S CESSATION OF ITS LOGISTICS AND DISTRIBUTION BUSINESS, AMONG OTHER THINGS Source text for Eikon: Further company coverage: