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ZTE returns to profit in Q1, revenues fall 19%

2019-04-29 14:15:00| Telecompaper Headlines

(Telecompaper) ZTE confirmed a return to net profit in the first quarter, at CNY 863 million compared to a loss of CNY 5.4 billion a year earlier. The result was at the low end of its outlook of CNY 0.8-1.2 billion, and ZTE said it expects the result to reach a profit of CNY 1.2-1.8 billion over the first half of 2019, versus a loss of CNY 7.8 billion a year earlier.

Tags: fall returns profit revenues

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