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ZTE revenues up 24% to over CNY 100 bln in 2015

2016-01-19 12:44:00| Telecompaper Headlines

(Telecompaper) ZTE reported net profit for 2015 up 43.5 percent to CNY 3.78 billion. Revenues increased 23.8 percent to top CNY 100 billion for the first time, and operating profit jumped to CNY 1.04 billion from CNY 60.3 million a year earlier, according to the company's preliminary report. ZTE attributed the strong growth to sales of LTE network equipment, both abroad and at home in China, as well as sales of optical network equipment, high-end routers, enterprise ICT equipment and 4G smartphones. The company said it also improved its debt ratios, reduced interest expenses and increased cash flow in the past year. ZTE will release a full annual report 23 March. 

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