Monday, January 19, 2015

ZTE's 2014 Sales Hit US$13 Billion, up 8%

ZTE updated its financial guidance, saying it now expects net profit attributable to shareholders to be RMB 2.64 billion (US$424 million) in 2014, compared with RMB 1.36 billion a year earlier, according to preliminary unaudited results.

Full-year revenue is forecast to be RMB 81.24 billion, 8% higher than in 2013.

ZTE posted growth in its 4G TD-LTE and FDD-LTE systems business in China, as well as its 3G and 4G smartphone operations internationally.

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