ZTE H1 2008 Profits Up 21%
ZTE Press Release, 8/20/08
Chinese telecom equipment and handset manufacturer ZTE (0763.HK; 000063.SZ) has announced its unaudited financial results for H1 2008, with net revenues reaching RMB 19.7 bln, up 29.5% year-on-year.
Net income for the period came to RMB 557 mln, up 21.2% YoY.
Revenue from wireless communications systems during the first 6 months was RMB 7.5 bln, up 10.2% YoY. Revenue from wireline switch and access systems was RMB 1.1 bln, up 88.4% YoY. Optical and data communications systems revenue reached RMB 4.2 bln, up 66.7% YoY. Handset revenue totaled RMB 4.3 bln, up 19.5% and revenue from telecommunication software systems, services and other products came to RMB 2.6 bln, up 51.8% YoY.
Mainland China revenues for H1 amounted to RMB 7.1 bln, accounting for 36% of total revenues, while international revenues, up 59% to RMB 12.6 bln, accounted for the remaining 64%, with the Asia Pacific, Middle East and Africa serving as key growth markets.
To see ZTE's full earnings report, please click here.
Keywords: profit fiscal report 000063.SZ 0763.HK H1 2008 revenue telecom equipment wireless ZTE overseas Q2 2008
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