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FIH Mobile FY revenues grow 23.6%, but losses widen as Nokia business weighs

2019-03-06 13:52:00| Telecompaper Headlines

(Telecompaper) FIH Mobile saw its revenues for 2018 grow 23.6 percent to USD 14.9 billion, while the net loss widened to USD 857 million from USD 525 million in 2017. The phone manufacturer said it benefited from growing sales of Nokia-brand phones under its deal with HMD Global, but margins remained poor on the Nokia devices and it was forced to write off goodwill from the investment. Losses are expected to continue in 2019, but the operating loss in H1 should be smaller than a year earlier due to cost-cutting efforts.

Tags: business mobile grow nokia

 

Halewood Wines & Spirits opens Australia business, takes distillery stake

2019-03-05 12:18:00| Daily beverage news and comment - from just-drinks.com

UK-based drinks company Halewood Wines & Spirits has opened a unit in Australia, at the same time making an investment in a distillery in the country.

Tags: business australia takes opens

 
 

Moberg Pharma Sells OTC Business

2019-03-04 17:36:00| Happi Breaking News

Tags: business sells pharma otc

 

New Business List - February 2019

2019-03-04 17:33:43| PortlandOnline

PDF Document, 440kbCategory: New Business Lists

Tags: list business february business list

 

Freak weather 'will make life harder for business'

2019-03-01 23:03:13| BBC News | Business | UK Edition

Experts warn many firms are unprepared for a less predictable climate after winter temperatures hit record highs.

Tags: make business life weather

 

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