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General

ZTE Q4 profit jumps over 60%

Friday 22 January 2021 | 15:16 CET | News
ZTE said revenues for the full year rose almost 12 percent year-on-year to CNY 101.379 billion. The operating profit however fell almost 27 percent to CNY 5.537 billion, while the net profit slid a bit over 15 percent to CNY 4.366 billion. The company attributed the lower net profit to the strong growth showed the year before, bolstered by a one-off tax gain of CNY 3.662 billion from asset disposals. The operating cash flow meanwhile advanced 37 percent to CNY 10.230 billion.

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Categories: General
Companies: ZTE
Countries: World
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