ZTE Reports Revenue of US$2.9 Billion, up 29% YoY

ZTE reported operating revenue of US$2.96 billion forQ1 2012, an increase of 29.46% over the same period last year. Net profit attributable to shareholders was US$22.99 million, an increase of 23.85% over the same period last year. Basic earnings per share were US$0.00635.


ZTE noted that sales to carrier customers rose by 13.65% compared to the same period the previous year, a reflection of an increase in revenue generated from sales of optical and data communications products. Terminal product revenues were up 27.33% compared to the same period last year, driven primarily by sales of 3G handsets.
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