ZTE expects US$178 million first-half profit as it boosts R&D spending for 5G development

//ZTE expects US$178 million first-half profit as it boosts R&D spending for 5G development

ZTE expects US$178 million first-half profit as it boosts R&D spending for 5G development

ZTE Corp, China’s second largest telecommunications equipment manufacturer, is predicting a turnaround in its business this year, with a projected net profit of between 1.2 billion yuan (US$178 million) and 1.8 billion yuan in the first half, compared to the 7.8 billion yuan loss during the same six-month period in 2018, as business continues to improve after a near-death experience last year.Net profit was 863 million yuan for the three-month period ending March compared with a 5.4 billion…

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By | 2019-04-30T04:15:29+00:00 April 30th, 2019|Technology|Comments Off on ZTE expects US$178 million first-half profit as it boosts R&D spending for 5G development