ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

ZTE springs back to profit, in rebound from US ban

But sales sag 20% as mainstay equipment and smartphones perform poorly

People walk pass the ZTE booth at the Mobile World Congress in Barcelona, Spain. The Chinese telecom giant reported a net profit of 862.6 million yuan ($128 million) for the first quarter on Monday.    © Reuters

GUANGZHOU -- ZTE, China's second-largest supplier of telecommunications equipment, reported net profit of 862.6 million yuan ($128 million) for the first quarter on Monday, rebounding from the loss sustained a year ago due to U.S.-imposed trade restrictions.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more