We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 19 Apr 2007 10:50 AM

Font Size

- Aa +

i-mate warns of pre-tax loss

Mobile device maker i-mate will make a "marginal" loss before taxation for the past year, it said this week.

Mobile device maker i-mate will make a "marginal" loss before taxation for the past year, it said this week.

The company said that annual sales remain in line with estimates of US$190million to US$200million given earlier this year. Cash held at the year end totalled US$65million.

The handset vendor said this month that it was making ten of its 75 Dubai-based staff redundant.

In its latest statement, i-mate said: "Management has undertaken a complete structural and operational review to enable the company's next stage of growth and support the launch of new product ranges. This has also focused on i-mate's ability to control certainty of production and quality of product."

The London-listed firm says it will now operate with four regional sales territories while centres of expertise are being established; this will lead to software being based out of the US, hardware out of the UAE, and research and development (R&D) out of the UK.

Arabian Business: why we're going behind a paywall

For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
Real news, real analysis and real insight have real value – especially at a time like this. Unlimited access ArabianBusiness.com can be unlocked for as little as $4.75 per month. Click here for more details.