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ZTE profit jumps 42% in Q1

2015-04-23 17:14:00| Telecompaper Headlines

(Telecompaper) ZTE said net profit rose 41.9 percent year-on-year in the first quarter to CNY 883 million, boosted by the company's M-ICT strategy, which generated new growth avenues. Basic earnings per share climbed to RMB 0.24, while revenue lifted 10.2 percent to CNY 21 billion. Operating revenue from telecommunications software systems, services and other products increased by 23.4 percent, pulled up by strong growth from video and network terminal products, in addition to services. Revenue from carrier networks increased by 8.9 percent, driven by growth in sales of products such as wireless communication systems, wireline switch and access systems, routers and router switches. Operating revenue from handset terminals was up by 7 percent, reflecting mainly higher sales of 4G handset terminals.

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