Company Motorola, as promised, today announced its financial results for the previous fourth quarter 2008 and full fiscal year. Summary of the Company are as follows:
• Sales of the fourth quarter totaled $ 7.1 billion
• Net loss of 4 th quarter was $ 1.57 per share, including $ 1.56 on such elements as a reserve for revaluation of assets Deferred tax assets ($ 0.91), the weakening of goodwill ($ 0.21), deterioration of investments ($ 0.09), the costs of the restructuring of the business ($ 0.05), the weakening of the investment fund Sigma Fund ($ 0,01), etc.
• The implementation of operations to reduce costs by approximately $ 1.5 billion in 2009
• Positive operating cash flow in the 4 th quarter was $ 201 million ($ 242 million per year), and combined cash flow - $ 7.4 billion
• Suspension of quarterly dividend, payable in cash on the simple actions
• The turnover unit Home and Networks Mobility were $ 2.6 billion, operating profit rose to $ 257 million, an increase of 34% compared to the 4 th quarter of 2007.
• The turnover unit Mobile Devices was $ 2.35 billion; shipped 19.2 million phones
• The turnover unit Enterprise Mobility Solutions was $ 2.2 billion, operating profit rose to $ 466 million, an increase of 3% compared to the fourth quarter of 2007.
With regard to units (Mobile Devices), responsible for the production of mobile phones, the turnover of the 4 th quarter of 2008 ($ 2.35 billion) was 51% lower than during the same period in 2007. Operating loss was $ 595 million (including $ 119 million in respect of items described in the loss per share), while a year ago they were still $ 388 million Annual (2008) unit turnover amounted to $ 12.1 billion, a 36% lower compared to 2007 operating loss for the year amounted to $ 2.2 billion (in 2007 - $ 1.2 billion). Its share of the market, the company estimates at 6.5% (from 19.2 million phones shipped in the 4 th quarter).
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