Analyst Pin-board: FRT – Q2 saw recovery but outlook doesn’t seem promising yet
FRT’s business result in Q2/2019 recovered significantly from the bottom in Q1/2019. Revenue and PBT in Q2 increased by 11% yoy and 17% yoy respectively. Looking at the monthly result, we can see that most of the recovery derived in April when Apple started to support the company through promotional programs, whereas the growths in May and June were not considerable. By the end of June, the company grew 7.5% in revenue and 10% in PBT, achieving 45% and 39% of 2019 target for revenue and PBT respectively, which signals the second half of the year will be full of challenges for the company to complete their target.
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