ZTE posts H1 loss of CNY 7.8 bln as revenues fall 27%, sees return to profit in Q3

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(Telecompaper) ZTE reported a net loss of CNY 7.8 billion for the first half of 2018, in line with its earlier warning over the impact of the US ban on imports from the company. The Chinese company said it expects to return to a small profit in the third quarter, of up to CNY 1.0 billion versus CNY 1.6 billion a year ago.
Source: Industry News (syndicated from Telecompaper.com)

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