LONDON (Thomson Financial) - EBT Mobile China PLC said it expects full-year
losses after tax to be broadly in line with market view, but added that revenue
is anticipated to be about 11 pct below house broker forecasts.
The company blamed the lower-than-expected revenue forecast as the "result
of the strategy to improve margins as well as the timing of certain China Mobile
subsidy programmes, which were not available in the last two months of 2007, but
are expected to operate in early 2008".
The China-based retail chain, which sells mobile phones and related products
and services, said net store numbers increased 35 pct to 257 at the end of 2007
compared with 190 stores in 2006.
Chief executive Zhang Ge said the company approaches the year with
confidence as it has built a solid operational platform.
TFN.newsdesk@thomson.com
pmi/jlc
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