(MENAFN) China-based ZTE Corp said it will gain revenues this year compared to last year's losses after cost-cutting measures, according to Arab News.
The company did not announce its full-year profit figures. However, it said that its net profit in the first nine months was about USD90.54 million.
The company, which is the world's fifth-largest telecom equipment and smartphone maker in terms of sales, was affected by the global slowdown in telecoms industry.
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