The Board of FIH Mobile Limited informed shareholders of the Company and potential investors that, after further assessment of the Group's latest unaudited management accounts and other relevant information currently available, among others, the Company currently expects the Group to record a decrease in revenue and a significantly improved consolidated net loss for Fiscal Year 2024 due to the factors outlined below: The negative factors are: As sales to major customers--except one--declined due to intense competition and changes in their outsourcing strategies, the Group recorded revenue of around USD 4,154 million for the current period, down from approximately USD 4,991 million for the same period of 2023 ("YTD Third Quarter 2023"), and anticipates a potential year-on-year sales decline in Fiscal Year 2024. Continuing adverse financial impact from the Group's under-utilised and unutilised assets. A decrease in the gain on land and building disposal by USD 102.1 million for the current period, as compared to a significant gain from the disposal of land and property recorded in YTD Third Quarter 2023.
An increase in the Group's interest expenses. Payment of dividend withholding tax for the current period. A decrease in government subsidies, primarily from mainland China, for the current period.
