ZTE first-quarter profit triples
The ZTE display is shown at the annual Consumer Electronics Show (CES) in Las Vegas, Jan 8, 2014. [Photo/Agencies]
ZTE Corp, China's second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the country's introduction of fourth-generation mobile networks.
Net profit rose 204 percent to 622.2 million yuan ($100.01 million) in January-March compared with an estimated range of 425 million yuan to 637 million yuan, the Shenzhen-based company said on Thursday.
Operating revenue rose 5.5 percent from a year earlier to 19.05 billion yuan.
