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ZTE confirms FY loss of CNY 7 billion, sees return to profit in Q1

2019-03-27 14:41:00| Telecompaper Headlines

(Telecompaper) ZTE confirmed a net loss of CNY 6.98 billion for 2018, hurt by the USD 1 billion payment to settle its dispute with US authorities. The company said it returned to a profit in Q1, estimated at CNY 0.8-1.2 billion. 

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