ZTE sees 26% growth in Domestic Market

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

ZTE has announced its interim results for the six months ended June 30, 2012. Based on HKFRS, ZTE recorded revenue of RMB 42.64 billion for the period, an increase of 15.2% year-on-year. Pre-tax profit in the period was RMB 656 million, a decrease of 48.5% year-on-year. Basic earnings per share for the period were RMB 0.07.

Applying PRC ASBEs for the period ending June 30, operating revenue was RMB 42.64 billion, representing year-on-year growth of 15.2%. Total profit in the period was RMB 656 million, a decrease of 48.5% year-on-year. Basic earnings per share for the period were RMB 0.07.During the reporting period, ZTE reported operating revenue of RMB 20.89 billion from the domestic market, accounting for 49% of overall operating revenue and representing year-on-year growth of 26.4%.

From the overseas market, ZTE reported operating revenue of RMB 21.76 billion during the period, accounting for 51% of its overall operating revenue and representing year-on-year growth of 6.2%. The company endeavoured to enhance its market position by focussing on growing its business in developed nations and by cooperating with mainstream global carriers. It also consolidated market share in the emerging markets.

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