Chinese mobile phone maker Zoom Technologies, Inc. (ZOOM) 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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