Chinese mobile phone maker Zoom Technologies, Inc. (ZOOM: Quote) Monday said its first-quarter profit declined to $0.6 million from $1.8 million in the prior-year period, mainly on lower margins.
First-quarter revenues increased 55.1 percent to $90.9 million from $58.6 million last year.
Net margin decreased to 0.7 percent in the first quarter, from 3.0 percent last year. First-quarter net margin was affected, as the company took on highly competitive EMS orders.
Click here to receive FREE breaking news email alerts for Zoom Technologies Inc and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org