ZTE Q1 2009 Net Profit Up 29%
ZTE PR, 4/23/09
Chinese telecom equipment and mobile handset manufacturer ZTE (0763.HK; 000063.SZ) has announced its financial results for Q1 2009, with operating revenues reaching RMB 11.67 bln, up 35% year-on-year.
Net income attributable to equity holders of the parent for the quarter came to RMB 78.66 mln, up 29.17% YoY.
ZTE reported year-on-year growth of 46.9% in its carrier network business for the period, driven mainly by revenue generated from 3G and GSM network building. Revenue generated from handset sales grew by 22.2% in tandem with growth in domestic sales of CDMA handsets and international sales of 3G handsets. Revenue from telecommunications software systems and services and other products grew by 3.6%, driven mainly by growth in the sales of video products and network terminal products.
To see ZTE's full earnings report, please click here.
Keywords: 000063.SZ 0763.HK 3G CDMA GSM profit Q1 2009 revenue telecom telecom equipment wireless ZTE mobile phone vendor mobile phone mobile network equipment fiscal report
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