News Articles

Thursday, March 29, 2012

ZTE reports profits up but revenue down

ZTE Corporation has published its annual results for the year ended 31st December 2011.

Revenue increased to RMB86.25 billion (£8.62 billion), up 23.4% year-on-year, while net profit was down 36.6% to RMB2.06 billion.

Hou Weigui, ZTE’s chairman, said “In 2011, equipment investments by the telecommunications industry varied by region across the globe. During the year, ZTE adjusted its product lines to continue to provide comprehensive integrated solutions to carriers. A range of measures designed to improve efficiency and optimize production processes also were introduced. In 2012, ZTE will continue its commitment to technological innovation. The company will proactively shift from being product-oriented to a solutions-oriented business.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 3419

Tags: zte

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«November 2024»
MonTueWedThuFriSatSun
28293031123
45678910
11121314151617
18192021222324
2526272829301
2345678

Archive

Terms Of Use | Privacy Statement