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Wireless

ZTE sales growth accelerates to 24% in Q3

Thursday 23 October 2014 | 12:22 CET | News
ZTE reported third-quarter net profit up 191 percent from a year earlier to CNY 703 million. Revenue growth accelerated to 24 percent in Q3, from just 0.5 percent in H1, led by over 40 percent growth in handset sales. ZTE also posted growth in revenue from carrier network equipment, including 4G systems, and telecommunications software systems. Total sales reached CNY 21.1 billion. Net profit in the fist nine months of the year rose 232 percent from a year earlier to CNY 1.83 billion, in line with the company's outlook. For the full year, ZTE forecast net profit of CNY 2.5-2.8 billion, equal

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Categories: Mobile & Wireless
Companies: ZTE Belgium
Countries: World
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