ZTE Reports 7.5% Rise in Nine-Month Revenue

ZTE reported a 7.51% increase in operating revenue to US$6.87 billion for the nine months ended 30 September 2010. In the same period, net profit attributable to shareholders of the parent company grew 14.21% to US$203.1 million year-on-year. The company noted that revenue from terminal products grew by 30.53% due to China’s expanding 3G market, the popularity of Android handsets in Europe and the U.S., as well as the data card products.
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• In August, ZTE Corporation reported interim first half 2010 revenue of US$4.524 billion, up by 10.89% year-on-year. The net profit grew by 12.02% to US$129.143 million in the six months ended June 30, 2010 based on Hong Kong financial reporting standards. Basic earnings per share amounted to US$0.047. ZTE’s international revenue rose 19.58% year-on-year to USD2.246 billion, accounting for 49.65% of its total operating revenue. Revenue contribution from the European and US markets amounted to 18% of total revenue for the first time. The year-on-year revenue contribution from these two markets increased by 45%.