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Last Updated: Monday, 24 April 2006, 10:47 GMT 11:47 UK
Revamp costs push BenQ into loss
BenQ sign
BenQ recently acquired Siemens's mobile phone unit
Taiwanese mobile phone company BenQ has reported first-quarter losses as a result of a restructuring after its purchase of Siemens's mobile phone arm.

It recorded a net loss of 4.99bn Taiwanese dollars ($155m; 86m) for the first three months of the year, against a T$300m net profit a year ago.

The loss was greater than the T$4.02bn shortfall analysts had expected.

However, BenQ said second-quarter mobile phone shipments should be 30% higher than the previous quarter.

It also said that average selling prices for the handsets were set to be up by 10%.

In addition, analysts expect BenQ to be boosted by AU Optronics, in which it owns a 13% share and which is selling increasing numbers of liquid crystal displays (LCDs).

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