0
General

ZTE sees Q1 net profit more than double after trunking sale

Wednesday 17 March 2021 | 08:26 CET | News
ZTE said it expects its first-quarter net profit to more than double year-on-year, to an estimated CNY 1.8-2.4 billion. The increase is driven by continued revenue growth and improving gross margins and profitability, as well as a profit of CNY 774 million on the sale of its 90 percent stake in Caltta Technologies, its trunking subsidiary, to E-Town Semiconductor. 

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.

Subscriptions

Already registered?



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

Add comment

Please login or register to leave a 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.


Related

ZTE doubles profit, lifts revenues 12.5% in H1

Published 30 Aug 2021 13:54 CET | World
ZTE said revenues for the first half more than doubled to CNY 4.1 billion from 1.8 billion the year before, with basic and ...

ZTE doubles profit in H1

Published 09 Jul 2021 17:16 CET | China
ZTE has reported some preliminary results for the first half, saying it expects its net profit to more than double to CNY 3.8-4.3 ...

ZTE Canada unveils new Unite IV mobile hotspot

Published 24 Mar 2021 10:57 CET | Canada
ZTE Canada announced the availability of the new pocket-size ZTE Unite IV mobile hotspot. The device supports up to 800 Mbps of ...

ZTE, China Unicom establish 5G Messaging Openlab

Published 18 Mar 2021 12:55 CET | China
ZTE and the Jiangsu branch of China Unicom have jointly established a 5G Messaging Openlab. The Openlab originates from the 5G ...

ZTE Q4 profit jumps over 60%

Published 22 Jan 2021 15:16 CET | World
ZTE said revenues for the full year rose almost 12 percent year-on-year to CNY 101.379 billion. The operating profit however fell ...

ZTE Axon 20 5G smartphone available worldwide from 21 December

Published 03 Dec 2020 17:46 CET | World
ZTE has announced the global launch of the new Axon 20 5G smartphone, available worldwide in selected countries from 21 December....

ZTE revenue growth accelerates to 37% in Q3

Published 28 Oct 2020 14:59 CET | World
ZTE announced revenues of CNY 74.13 billion for the first nine months of 2020, an increase of 15.4 percent from the year-earlier ...

ZTE launches first 5G NR broadcast service

Published 29 Sep 2020 19:03 CET | World
ZTE launched what it calls the industry's first broadcast service based on the 5G NR physical layer technology at Ultra High ...

ZTE launches first under-display camera smartphone

Published 02 Sep 2020 09:27 CET | World
ZTE has officially launched the Axon 20 5G smartphone it first unveiled last month at a starting price of CNY 2,198 (around USD ...

ZTE lifts revenues, profit in strong H1

Published 28 Aug 2020 15:32 CET | World
ZTE said that confronted with the coronavirus pandemic and its impact, it decided to push its R&D initiatives and to take advance ...

ZTE launches Combo PON Plus platform to enable resource sharing between FTTx, 5G

Published 07 Jul 2020 10:16 CET | World
ZTE unveiled its Combo PON Plus, a platform that features independent wavelengths to simultaneously provide GPON and 10G PON ...





Calendar   /   Industry Events

18 Oct Apple Event
19 Oct Tele2 Q3 2021
19 Oct A1 Telekom Austria Q3 2021
19 Oct Netflix Q3 2021
19 Oct Iridium Q3 2021
19 Oct Arm DevSummit
19 Oct Pixel Fall Launch
20 Oct Crown Castle Q3
20 Oct Verizon Q3 2021
20 Oct Elisa Q3 results
20 Oct Bango strategy day
20 Oct Samsung Unpacked Part 2
21 Oct AT&T Q3 2021
21 Oct Orange Belgium Q3 2021
21 Oct Telenor Q3 2021
21 Oct Intel Q3
21 Oct Telia Q3 results
21 Oct Snap Q3
22 Oct Doro Q3 results
22 Oct Ericsson Q3 2021
25 Oct Facebook Q3
::: More Calendar Items