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ZTE bounces back as it expects to post profit in Q3
2018-08-31 02:00:00| Total Telecom industry news
China's ZTE has taken a huge step on the road to recovery by announcing that it expects to post a profit in its third quarter of 2018. The announcement was made in a filing to the Shenzhen Stock Exchange on Friday…read more on TotalTele.com »
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ZTE posts H1 loss of CNY 7.8 bln as revenues fall 27%, sees return to profit in Q3
2018-08-30 14:42:00| Telecompaper Headlines
(Telecompaper) ZTE reported a net loss of CNY 7.8 billion for the first half of 2018, in line with its earlier warning over the impact of the US ban on imports from the company. The Chinese company said it expects to return to a small profit in the third quarter, of up to CNY 1.0 billion versus CNY 1.6 billion a year ago.
China Telecom grows H1 service revenue 7%, net profit up 8%
2018-08-20 09:09:00| Telecompaper Headlines
(Telecompaper) China Telecom reported first-half revenues up 4.7 percent year-on-year to CNY 193 billion. Service revenue was up 7.0 percent to CNY 177.6 billion and would have risen 8.5 percent without the impact of new accounting rules, the company said.
Lenovo returns to profit as quarterly sales grow 19%
2018-08-16 08:50:00| Telecompaper Headlines
(Telecompaper) Lenovo reported a return to profit in its fiscal first quarter to June, driven by revenue growth and cost savings from the merger of its PC and mobile phone activities. Revenues rose 19 percent year-on-year to 11.91 billion, the gross margin increased to 13.7 percent from 13.6, and the net result improved to a profit of USD 85 million from a loss of USD 54 million a year ago.
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Lenzing H1 profit and revenue take a tumble
2018-08-09 14:31:00| Daily apparel & textile news and comment - from just-style.com
Volatile prices for standard viscose and price increases for key raw materials weighed on Lenzing in the first half of 2018, with the Austrian cellulosic fibre producer also warning of challenging market conditions for the second half of the year.
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