Jul. 16, 2012 (China Knowledge) - ZTE Corp<000063
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The basic earnings per share for the six-month period will be between RMB 0.04 and RMB 0.09, said the company.
The huge decline in profit was mainly caused by the investment loss, foreign exchange loss and the extension of several products.
In the first quarter of 2012, ZTE booked RMB 151 million in net profit, up 18.5% than it realized in the same period of last year, source reported.