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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 ... Read more »

CINCINNATI - Wednesday, April 9th 2014 [ME NewsWire]

(BUSINESS WIRE) The Procter & Gamble Company (NYSE:PG) today announced an advancement in its global sustainability goals, declaring a commitment to no deforestation in its palm oil supply chain by improving practices with all its suppliers, including small local farmers, to ensure protection of forests.

“P&G’s commitment to no deforestation in its palm supply chain is unequivocal. Our aim is to develop effective long-term solutions to the complicated issue of palm oil sustainability. We are committed to driving positive change throughout the entire supply chain, not just for us, but for the industry and for the small farmers who depend on this crop,” said Len Sauers, P&G Vice President of Global Sustainability.

Already, 100% of P&G’s purchased palm oil i ... Read more »