ZTE

ZTE Q1 Net Profit Rises 41.9% On Strong 4G Demand

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Chinese telecom equipment maker ZTE Corp posted a 41.9 percent rise in quarterly net profit on Thursday, helped by strong carrier demand for 4G equipment around the world.

ZTE posted a net profit of 882.9 million yuan ($142.5 million) for the January-March period, up from 622.2 million yuan a year earlier, the company said in a filing to the Shenzhen/Hong Kong stock exchange. Click here for full post

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Wahengbam Rorrkychand

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