ZTE Posts Q1 Revenue of US$2.3 Billion, up 14%

ZTE reported Q1 2011 revenue of RMB15,085 million (US$2.3 billion), up 13.8% compared to a year earlier. In the same period, net profit attributable to shareholders of the parent company grew by 15.86% to RMB127 million (US$ 19.37 million). Basic earnings per share was recorded at RMB0.05 (US$0.01).


Revenue generated by the segment of carriers' networks grew by 1.57% compared to the same period last year, reflecting the increase in sales of wireless systems, wireline switches and access systems.


Sales revenue from terminal products also grew by 51.04% compared to the same period last year, primarily driven by 3G handsets, GSM handsets, CDMA handsets and data card products.


There was a slight decline of 0.26%, year-on-year, in the sales revenue of telecommunications software systems, services and other products.
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