ZTE issues guidance for net profit to increase between 107.3% and 210.7% to RMB 425 million to RMB 637 million; company optimistic about business prospects
SHENZHEN, China - Thursday, April 10th 2014 [ME NewsWire]
ZTE Corporation (“ZTE”) (H share stock code: 0763.HK / A share stock code: 000063.SZ), a publicly-listed global provider of telecommunications equipment, network solutions and mobile devices, forecast the company’s first-quarter profit will at least double from the same period last year, reflecting the strengthening of core operations.
Net profit attributable to shareholders of the listed company will be between RMB 425 million and RMB 637 million in the first quarter, a year-on-year increase of between 107.3% to 210.7%, according to ZTE’s preliminary results announcement filed to the Hong Kong stock exchange today. Basic earnings per share will be between RMB 0.12 and 0.19, compared to RMB 0.06 a year earlier, based on pre-a
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