News Column

Blackberry's surprise profit

June 20, 2014

KATE McCANN



SMARTPHONE maker Blackberry yesterday announced a surprise profit, which pushed up its share price by nine per cent.


The Canadian firm, which made an $84m loss last year, announced a $23m (£14m) net profit for the first three months of this year. The news came despite a $966m drop in revenue, a 69 per cent fall.


Shares jumped 12 per cent on early trading, despite an adjusted loss overall of $60m for the quarter.


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Source: City A.M. (UK)


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