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China's ZTE sees 2012 profit down by 221-241%  Join our daily free Newsletter

MENAFN - - 21/01/2013

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(MENAFN) China's ZTE stated that it's profit for 2012 is expected to have declined by between 221.35 percent and 240.77 percent from 2011, reported Xinhua News.

The multinational telecommunications equipment and systems firm said that the drop resulted from postponements in inking domestic deals and finishing international projects.

The projected net profit represents a fall of between USD396.83 million to USD460.32 million from the USD328 million posted in 2011.

It is worth noting that ZTE is based in Shenzhen City, Guangdong Province.

 






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