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ZTE sees 68% down in H1 profit

Aug. 23, 2012 (China Knowledge) - ZTE Corp<000063><0763>, the second-largest telecom equipment manufacturer in China, earned RMB 245 million in net profit attributable to shareholders in the first half of this year, down 68.17% from a year earlier.

Basic earnings per share plunged 69.57% YoY to RMB 0.07 in the period.

From January to June, the telecom equipment manufacturer saw its operation revenue grew 15.21% YoY to RMB 42.64 billion, including RMB 14.25 billion from its terminal product business, up 27.05% from a year earlier.

The revenue from domestic market rose 26.37% YoY to RMB 20.89 billion during the six months period, while that from overseas market increased 6.2% YoY to RMB 21.76 billion.

In the first quarter of this year, the company realized RMB 151 million in net profit, reflecting a YoY increase of 18.53%.

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