Chinese telecoms equipment group ZTE Corp , which is still facing the threat of curbs on trade with U.S. firms, reported a 10.5 percent rise in its third-quarter net profit on Thursday. ZTE is still facing the imposition of a trade ban on U.S. component makers and software firms supplying ZTE, essentially cutting off much of the supply chain for the network equipment and smartphones ZTE makes. The U.S. Commerce Department ordered the trade ban earlier this year over allegations that it violated rules restricting the exports of U.S. technolgy to Iran, but then lifted the ban while it seeks to reach a settlement.
- Reuters•2 days ago
Chinese telecom equipment maker ZTE Corp , facing curbs on exports to the United States for alleged sanctions-busting, said on Thursday its net profit grew 9.8 percent in the first nine months of the year on growth in 4G network products. Net profit for Jan-September rose to 2.9 billion yuan ($420 million), the firm said in a filing to the Shenzhen Stock Exchange. From Nov. 28, ZTE faces the application of restrictions for U.S. component suppliers to ship their goods, software and technology to ZTE, essentially cutting much of the supply chain for the telecom equipment and smartphones ZTE makes.
- Business Wire•2 days agoCORRECTING and REPLACING The ZTE ZMax Pro Arrives at T-Mobile Following Several Editor Choice Awards and Soaring Popularity
First and fourth paragraphs, the prices should be $179.99 and $180, respectively .
ZTE Corp. (0763.HK)
HKSE - HKSE Delayed Price. Currency in HKD
|Day's Range||10.70 - 11.04|
|52wk Range||9.41 - 19.38|
|1y Target Est||N/A|
|P/E Ratio (ttm)||11.79|
|Avg Vol (3m)||4,438,141|
|Dividend & Yield||N/A (N/A)|