ZTE sees CNY 7-9 bln loss in H1 after US ban

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(Telecompaper) ZTE said it expects its net result for the first half of this year to sink to a loss of CNY 7-9 billion from a profit the year before of CNY 2.29 billion, a decline of 405-492 percent. The preliminary basic loss per share is seen at CNY 1.67-2.15 from earnings of 0.55. ZTE attributed the sharp declines to the suspension of its operating activities as a result of the export ban imposed by the US government on the Chinese company. 
Source: Industry News (syndicated from Telecompaper.com)

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