TELETRADER News
8/19, 11:36 AM (Source: TeleTrader)
more TeleTrader news

Xiaomi+2.22%

9.67
Chart for: Xiaomi Corp

Xiaomi's Q2 operating loss down 83.8% to ¥1.7B

Xiaomi Corp. said on Friday its second-quarter operating loss saw an annual decrease of 83.8% to ¥1.73 billion, while for the six months ending on June 30, 2022, the company's loss decreased by 95.6% to ¥821 million from ¥19 billion a year earlier.

Revenue, on the other side, stood at ¥70.2 billion, down 20% compared with the same period of 2021. Earnings per share went down in Q2 2022 to ¥0.06 from ¥0.32.

"In the second quarter of 2022, against continued global macroeconomic headwinds, we proactively optimized our operational management, steadfastly advanced our corporate strategies, and strengthened our long-term competitiveness," noted the report, while adding that the company remains committed to the Smartphone × AIoT core strategy.

Baha Breaking News (BBN) / JG