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TAIWAN'S BenQ Corp said it will spin off its BenQ-branded operations in September, when it will rename itself Jia Da Corp and focus on contract manufacturing.
The new operation will continue under the BenQ name, the company said.
The company reported its sixth straight quarterly loss yesterday on a further decline in handset sales and increased interest payments, The Associated Press reported.
The company reported a net loss of New Taiwan dollars 1.76 billion (US$53.3 million), or NT$0.69 a share, for the three months ended March 31, down from a net loss of NT$5 billion in the year-earlier period.
Higher interest payments and falls in phone sales hit the company's first-quarter performance, said David Wang, a BenQ vice president, during an investors' conference.
"We are still suffering from losses in the mobile-phone portion of our operations, but the other operations are healthy," he said. BenQ's string of quarterly net losses followed its takeover of Siemens AG's handset-making division in late 2005. The company had difficulty integrating the loss-making unit, eventually liquidating it, which reduced its handset output.
As well as handsets, BenQ makes flat-panel monitors, televisions and digital cameras.
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