ZTE sees better-than-expected H1 profits

Monday 14 July 2014 | 15:11 CET | News
ZTE has raised its estimate for first-half profit, citing better margins and growing 4G orders in its home market China. The equipment maker now expects to report a net profit of CNY 1.00-1.15 billion for the first six months of 2014, versus an estimate at its Q1 report of CNY 0.80-1.00 billion. Both figures are up significantly from the year-earlier period when it reported CNY 0.31 billion in net profit. ZTE said the better result was due to its continued focus on tighter control of contract profitability, improvement in gross margins on international projects and higher revenues from 4G

Thank you for visiting Telecompaper

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: ZTE Belgium
Countries: China / World
::: add a comment

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 wins China Mobile NFV network equipment contract

Published 09 Jan 2020 08:59 CET | China
ZTE has announced it has secured a large portion of China Mobile's 2019 bidding for NFV network equipment, covering six of the ...

4G drives increase in ZTE results

Published 25 Mar 2015 15:45 CET | China
Growing sales of 4G network equipment and handsets led the increase in ZTE's results in 2014, according to the Chinese equipment ...

ZTE sales growth accelerates to 24% in Q3

Published 23 Oct 2014 12:22 CET | World
ZTE reported third-quarter net profit up 191 percent from a year earlier to CNY 703 million. Revenue growth accelerated to 24 ...

ZTE triples H1 profit on demand for 4G

Published 20 Aug 2014 14:41 CET | World
ZTE confirmed a more than tripling in its first-half net profit, to CNY 1.13 billion from CNY 310 million a year earlier. While ...

ZTE India posts sales of CNY 2.9 bln in fiscal 2013-14

Published 28 Jul 2014 21:36 CET | India
ZTE India recorded total sales of of CNY 2.9 billion in fiscal year 2013-2014, The Economic Times reports. The firm's network ...

Huawei H1 sales up 19% to CNY 136 billion

Published 21 Jul 2014 08:54 CET | World
Huawei announced revenues of CNY 135.8 million for the first half of 2014, up 19 percent from a year earlier. The company ...

ZTE helps China Telecom complete IPv6 test on 4G network

Published 10 Jul 2014 22:42 CET | China
ZTE has aided China Telecom in successfully completing commercial testing for IPv6 capabilities on its mobile network in Hunan ...

China Telecom launches ZTE Qing Yang 2 4G smartphone

Published 01 Jul 2014 09:51 CET | China
China Telecom has launched its first batch of 4G compatible smartphones on the local market. One of the first phones available ...

ZTE wins contract to deploy 4G network for Wind Telecom

Published 24 Jun 2014 15:33 CET | Dominican Republic
Chinese telecoms equipment manufacturer ZTE has won a contract from Wind Telecom to build a 4G TD-LTE network in the Dominican ...

ZTE develops dynamic mesh network for 5G

Published 23 Jun 2014 12:10 CET | World
ZTE has released details of a new 5G access network architecture based on dynamic mesh networking. ZTE said it believes that 5G ...

ZTE aims to ship over 80 mln smartphones globally in 2015

Published 10 Jun 2014 14:25 CET | China
Chinese telecommunications equipment manufacturer ZTE expects to ship more than 80 million smartphones globally next year and ...

ZTE, Huawei win much of China Mobile 4G tender - report

Published 22 May 2014 16:29 CET | China
Chinese telecommunications equipment manufacturers ZTE and Huawei have secured the bulk of a contract for the provision of ...

ZTE Q1 profit triples, revenue rises 5.5%

Published 17 Apr 2014 17:39 CET | World
ZTE reported first-quarter profit more than tripled, as the company posted increased revenue amid growth in the global 4G market. ...

ZTE returns to FY profit after strong Q4

Published 20 Jan 2014 12:01 CET | World
ZTE reported a sharp improvement in profitability for the fourth quarter and full year. The Chinese equipment maker said it ...