Zoom Technologies Q1 Profit Declines

Zoom Technologies Q4 12 Earning Conference Call At 9:30 AM ET

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5/21/2012 4:25 PM ET

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.

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