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ZTE sees Q1 profit more than doubling

Thursday 10 April 2014 | 19:12 CET | News

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ZTE said it expects to first-quarter profit to be at least double that from the same period last year, reflecting the strengthening of its core operations. Net profit is estimated at CNY 425-637 million, a year-on-year increase of between 107.3 and 210.7 percent, according to ZTE's preliminary results announcement filed with the Hong Kong stock exchange. ZTE expects to record significant increases in gross profit and gross margin, thanks to its increased focus on servicing higher-margin contracts. Operating revenue from 4G infrastructure systems in China as a percentage of overall revenue

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