Home ZTE net profit increases 43% in H1
 

Keywords :   


ZTE net profit increases 43% in H1

2015-07-21 12:41:00| Telecompaper Headlines

(Telecompaper) ZTE said it expects to report a 43 percent increase in net profit for the first half of 2015 to CNY 1.61 billion (USD 260 million), thanks to strong sales of LTE network systems. The preliminary results show operating revenue up 21.9 percent year-on-year to CNY 45.94 billion, and the operating result moved to a profit of CNY 66.28 million from a loss of CNY 210.05 million a year ago. ZTE said it saw higher sales in the first half from FDD LTE equipment, as well as wireline switch and access systems, mainly in its home market China. In addition, contract profitability improved in the period. Revenue in the Enterprise and Government ICT Solutions division also increased, driven by new smart city deployments and higher sales to rail operators. The company will give a full interim earnings report 26 August. 

Tags: net profit increases h1

Category:Telecommunications

Latest from this category

All news

»
04.11Tropical Depression Eighteen Graphics
04.11Tropical Depression Eighteen Public Advisory Number 4A
04.11Remnants of Patty Graphics
04.11Atlantic Tropical Weather Outlook
04.11Eastern North Pacific Tropical Weather Outlook
04.11Paper Excellence Group Rebrands as Domtar
04.11Registration Open for 2025 Waterborne Symposium
04.11ROSS Ribbon Blenders Provide Safe, Efficient Bulk Blending
More »