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China's ZTE sees profit decline in Q1

Xinhua News,SHENZHEN
2020-04-26 09:48

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SHENZHEN, April 26 (Xinhua) -- Chinese telecom equipment maker ZTE saw net profit fall 9.58 percent year on year to 780 million yuan (about 110 million U.S. dollars) in the first quarter of 2020.

Meanwhile, its revenue dropped 3.23 percent year on year to 21.48 billion yuan, the company said in its first-quarter earnings report filed to the Shenzhen Stock Exchange.
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