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General

ZTE confirms FY loss of CNY 7 billion, sees return to profit in Q1

Wednesday 27 March 2019 | 14:41 CET | News
ZTE confirmed a net loss of CNY 6.98 billion for 2018, hurt by the USD 1 billion payment to settle its dispute with US authorities. The company said it returned to a profit in Q1, estimated at CNY 0.8-1.2 billion compared to a loss of CNY 5.4 billion a year earlier. 

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Categories: General
Companies: ZTE
Countries: World
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