BVI-registered China Techfaith Wireless Communication Technology Ltd. announced financial results for the three months period ended December 31, 2015. In the reported period, company’s revenues were US$8.55 million, net earnings were US$-2.40 million.
Gross margin increased from 11.45% to 25.03% as compared to the same period of 2014. Operating margin made -19.62%, compared to -12% in the previous year.
Company’s earnings increased compared to the same period last year, despite decline in operating and pretax margins.