ZTE returns to FY profit after strong Q4

Monday 20 January 2014 | 12:01 CET | News
ZTE reported a sharp improvement in profitability for the fourth quarter and full year. The Chinese equipment maker said it expects to report an annual profit of CNY 1.2-1.5 billion for 2013, compared to a loss of CNY 2.84 billion in 2012. It earlier reported a profit of CNY 552 million for the first nine months of the year. The company said it implemented stringent cost controls and exited low-margin businesses last year in order to return to profit and boost cash flow. Sales, administrative and research and development expenses all were reduced compared to a year earlier. In addition to

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Sharp / ZTE Belgium
Countries: China / World
::: add a comment


Real creative accounting !!-would be good to see some accounts once in awhile
Anonymous @ 21/1/2014 - 13:07

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


ZTE sees better-than-expected H1 profits

Published 14 Jul 2014 15:11 CET | China
ZTE has raised its estimate for first-half profit, citing better margins and growing 4G orders in its home market China. The ...

ZTE verwacht verdubbeling winst in Q1

Published 11 Apr 2014 09:37 CET | World
ZTE verwacht dat het in het eerste kwartaal van dit jaar twee keer zoveel winst behaalt als een jaar geleden. Het Chinese ...

ZTE sees Q1 profit more than doubling

Published 10 Apr 2014 19:12 CET | World
ZTE said it expects to first-quarter profit to be at least double that from the same period last year, reflecting the ...

ZTE to unveil Grand Memo II, Firefox phone at MWC

Published 18 Feb 2014 10:01 CET | World
ZTE will unveil a new large-screen Android smartphone and its latest Firefox phone at the Mobile World Congress. In a preview of ...

ZTE verwacht terugkeer naar winst

Published 21 Jan 2014 09:04 CET | World
ZTE heeft de voorlopige cijfers over FY2013 bekend gemaakt. De Chinese fabrikant van mobiele apparaten verwacht een nettowinst ...

ZTE unveils fresh mobile device strategy

Published 09 Jan 2014 00:32 CET | World
ZTE has unveiled a new, consumer-centric global mobile device strategy. The move follows the recent appointment of Zeng Xuezhong ...

ZTE to present first smartwatch, new phones at CES

Published 02 Jan 2014 16:07 CET | United States
ZTE will unveil new smartphones and its first smartwatch at CES in Las Vegas. The BlueWatch targets the fitness market, offering ...

ZTE names new heads of mobile devices, enterprise units

Published 02 Jan 2014 09:14 CET | World
ZTE announced changes to its organisation, including new heads of its devices and enterprise units. In 2014, the company said it ...

ZTE returns to profit, sales still down 10%

Published 22 Oct 2013 15:01 CET | World
ZTE said it has returned to a net profit, helped by cost reductions, a greater focus on margins and extraordinary gains. The ...

ZTE forecasts strong improvement in Q3 profit

Published 21 Aug 2013 14:59 CET | World
ZTE has forecast a strong improvement in profits in the third quarter, following an increased focus at at the Chinese equipment ...

ZTE H1 sales down 11.6%, profits improve

Published 22 Jul 2013 15:23 CET | World
ZTE reported a drop in first-half revenues, hurt by weaker market demand and currency effects. Revenues totaled CNY 37.71 ...

Calendar   /   Industry Events

21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
22 Oct DNA Q3 2019
22 Oct Calix Q3 2019
22 Oct Grameenphone Q3 2019
22 Oct Snap Q3 2019
22 Oct MWC Los Angeles 2019
23 Oct Orange Belgium Q3 2019
23 Oct Telenor Q3 2019
23 Oct Millicom Q3 2019
23 Oct Rogers Communications Q3 2019
23 Oct Microsoft fiscal Q1
23 Oct Netgear Q3 2019
23 Oct Annual Customer Service Summit
24 Oct Netia Q3 2019
24 Oct Comcast Q3 2019
24 Oct Nokia Q3 2019
24 Oct Juniper Networks Q3 2019
24 Oct Norwegian telecoms market H1 report
24 Oct Smith Micro Q3 2019
24 Oct Verisign Q3 2019
24 Oct STMicroelectronics Q3 2019
24 Oct Televisa Q3 2019
24 Oct Nordic Entertainment Q3 2019
24 Oct Amazon Q3 2019
24 Oct HKBN fiscal FY
24 Oct Maxlinear Q3 2019
25 Oct Verizon Q3 2019
25 Oct Shaw Communications fiscal Q4
25 Oct Charter Communications Q3 2019
::: More Calendar Items