ZTE Tallies Impressive 35% Sales Growth in Q1 2009

Release Date:2009-05-18  Author:ZTE  Click:

 ZTE announced on April 24, 2009 its first quarterly results ended 31 March 2009.

During the review period, ZTE managed to sustain growth for its businesses, at its great efforts, despite the impact of the global financial crisis. According to the PRC ASBEs, for the three months ended 31 March 2009, ZTE recorded a revenue amounting to RMB 11.67 billion, representing an increase of 35.00% compared with the same period last year. Net profit was RMB 78.66 million, representing an increase of 29.17% compared with the same period last year. Basic earnings per share were RMB 0.06.

In terms of product category, ZTE posted a 46.9% growth in system devices, while revenues from 3G and GSM network construction maintain robust growth. Revenue from mobile handset products grows by 22.2% against the same period, representing remarkable rise in product sales. Also, telecom software systems, services and other products grew by 3.6% as compared to the same period last year.

(ZTE Corporation)

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