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Telechoice posts 68% fall in 1Q earnings on lower revenue

PC Lee
PC Lee5/15/2017 5:54 PM GMT+08  • 1 min read
Telechoice posts 68% fall in 1Q earnings on lower revenue
SINGAPORE (May 15): Telechoice International posted a 67.6% fall in 1Q earnings to $387,000 from $1.2 million a year ago.
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SINGAPORE (May 15): Telechoice International posted a 67.6% fall in 1Q earnings to $387,000 from $1.2 million a year ago.

Revenue for the three months ended March fell 15.3% to $113.4 million.

Revenue from Personal Communications Solutions Services (PCS) decreased by 16% to $80.1 million in 1Q17 mainly due to lack of new phones sales. In 1Q16 sales of Samsung S7 and S7 Edge were recorded.

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