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LequteMan
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Canadian mobile phone firm Blackberry has posted better-than-expected fourth-quarter earnings, reporting a net profit of $28m (£18.8m), against a loss of $148m a year earlier, The BBC reports.
It was the second quarter running the company had posted a surprise profit.
However, revenue slid to $660m from $793m, below analysts' expectations. For the year, Blackberry reported that its loss had narrowed to $304m.
"Our focus this past year was on getting our financial house in order while creating a multi-year growth strategy and investing in our product portfolio. We now have a very good handle on our margins and our product roadmaps have been well received,'' chief executive John Chen said in a statement.
#BlackBerry #Nigeria
It was the second quarter running the company had posted a surprise profit.
However, revenue slid to $660m from $793m, below analysts' expectations. For the year, Blackberry reported that its loss had narrowed to $304m.
"Our focus this past year was on getting our financial house in order while creating a multi-year growth strategy and investing in our product portfolio. We now have a very good handle on our margins and our product roadmaps have been well received,'' chief executive John Chen said in a statement.
#BlackBerry #Nigeria
