TaiShang
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Apr 28, 2018 00:19 AM
ZTE Posts 39% Quarterly Profit Increase Amid U.S. Sanction Concerns
By Han Wei
The Beijing headquarters of ZTE Corp. are seen on April 19. Photo: VCG
Chinese telecom equipment-maker ZTE Corp. said on Friday its first-quarter net profit rose 39% to 1.69 billion yuan ($267 million) despite sanctions from Washington that threaten the company’s survival.
ZTE said in a filing to the Hong Kong Stock Exchange that its first-quarter revenue rose 12.2% to 28.9 billion yuan. Total assets of the company reached 139 billion yuan by the end of March, a 3.4% increase from December.
@qwerrty , @cirr , @terranMarine
ZTE Posts 39% Quarterly Profit Increase Amid U.S. Sanction Concerns
By Han Wei
The Beijing headquarters of ZTE Corp. are seen on April 19. Photo: VCG
Chinese telecom equipment-maker ZTE Corp. said on Friday its first-quarter net profit rose 39% to 1.69 billion yuan ($267 million) despite sanctions from Washington that threaten the company’s survival.
ZTE said in a filing to the Hong Kong Stock Exchange that its first-quarter revenue rose 12.2% to 28.9 billion yuan. Total assets of the company reached 139 billion yuan by the end of March, a 3.4% increase from December.
@qwerrty , @cirr , @terranMarine
