Decent quarter for ZTE

27 Apr 2005

The Chinese equipment manufacturer ZTE has reported first-quarter revenues of CNY4.29 billion (USD518 million), up 13.3% from the same period last year. Net profits increased 46.3% to CNY230 million (USD27.8 million), while operating profit rose 14.1% to CNY1.712 billion (USD205 million). The company says the growth has come as a result of its continuing globalisation strategy.