Date
23 July 2018

ZTE expects full-year profit, filing says

ZTE Corp. (00763.HK, 000063.CN) posted a net profit of 552 million yuan (US$90.59 million) in the nine months to September, up 132.44 percent from the same period last year, it said in a regulatory filing Tuesday. Revenue was 54.66 billion yuan, down 10 percent year on year. Meanwhile, the company said it expects to return to profit this year after a net loss of 2.84 billion yuan in 2012, the filing said.

– Contact HKEJ at [email protected]

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