Monday, 24 September 2018

ZTE warns of full-year net loss of up to $460m

By Mary Lennighan, Total Telecom
Monday 21 January 13

Chinese vendor insists turnaround efforts will bear fruit in Q1 2013, bringing a return to profit.

ZTE on Monday admitted that it may well post a full-year loss for 2012, but attempted to soften the blow by predicting that its turnaround efforts will likely lead to a return to profit in the current quarter. The Chinese equipment maker said that it may post a net loss attributable to shareholders of 2…

ZTE on Monday admitted that it may well post a full-year loss for 2012, but attempted to soften the blow by predicting that its turnaround efforts will likely lead to a return to profit in the current quarter. The Chinese equipment maker said that it may post a net loss attributable to shareholders of 2…

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