ZTE Guides for 36.58% Gain in 9-Month Net Profit
Release Date：2017-10-18 Author：ZTE Click：723
Forecast a total net profit of RMB 4.3-4.8 billion for the whole year
18 October 2017, Shenzhen, China – ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, published guidance for a 36.58% increase in net profit for the nine months ended 30 September 2017.
Net profit attributable to holders of ordinary shares of the listed company in the first nine months was RMB 3.905 billion, based on the preliminary financial statement published by ZTE today. Revenue in the first nine months increased to RMB76.580 billion, 7.01% higher than last year.
According to the company, the net profit attributable to holders of ordinary shares of the listed company, bolstered by the growth of operations in carriers’ network and consumers business, is estimated to be RMB 4.3-4.8 billion for the whole year.