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ZTE Q1-Q3 Net Up 232%(Sinocast Telecommunications Beat (China) Via Acquire Media NewsEdge) SHENZHEN, October 24, SinoCast -- ZTE Corporation (SEHK: 0763 and SZSE: 000063) revealed operating revenue of CNY 58.801 billion in the first three quarters, climbing 7.78% from a year earlier. Net profit attributable to shareholders reached CNY 1.832 billion, jumping 232.04%. Basic EPS were CNY 0.53. In the third quarter alone, operating revenue hiked 24% to CNY 21.103 billion and net profit CNY 703 million, rising 191.12%, highest in recent years. Operating profit for first three quarters became positive for the first time. The company expected net profit of CNY 2.5 billion to CNY 2.8 billion in 2014 full year, increasing 84.14% to 106.24%. Operating revenue is also expected for high growth in the period. [ Back To TMCnet.com's Homepage ] |