ZTE: Q3 Net Profit for The Third Quarter was 564 Million Yuan
by Carol 2018-11-14
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Today, ZTE announced its third-quarter financial report: net profit for the third quarter was 564 million yuan, decreasing by 64.98 percent year-on-year. Q3 Revenue is reported at 19.3 billion yuan. ZTE lost 7.26 billion yuan in the first three quarters, falling by 285.92 percent year-on-year. The annual loss is expected to be 6.2 billion yuan to 7.2 billion yuan, with a profit of 4.568 billion yuan in the same period last year.