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ZTE H1 growth led by China, network equipment
2015-08-26 14:13:00| Telecompaper Headlines
(Telecompaper) ZTE reported first-half results largely in line with its preliminary report. Revenues rose 21.8 percent to CNY 45.9 billion, and net profit was up 43.2 percent to CNY 1.62 billion. Revenues in its home market China rose 26.5 percent to CNY 24.36 billion, and international revenues were up 16.8 percent to CNY 21.54 billion. Africa showed the strongest growth, with revenues up 54.2 percent to CNY 3.21 billion, and sales to the rest of Asia outside China rose 27.7 percent to CNY 7.20 billion. The final interim report shows that its network equipment business was largely responsible for the growth, with revenues up 30.6 percent year-on-year to CNY 28.51 billion. ZTE said it profited from the issue of FDD LTE licences in China and the government's new programme to expand broadband access in China. Revenues from mobile phones and other end-user devices were down 4.3 percent to CNY 9.96 billion amid a fall in prices in China. ZTE said it focused on the CHina and US markets and expanding its brand awareness and marketing.
Tags: china
network
equipment
led
Category:Telecommunications