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ZTE posts $1.1 billion loss as executives expect growth to return in 2019

After arguably one of ZTE’s toughest periods ever in which the company has battled some tough sanctions imposed by the US government, the Chinese telecom giant has finally posted its financial report for the first six months of 2018 which falls in line with expectations.

Overall, for the six months ending June 2018, ZTE reported a loss of 7.8 billion yuan, which translated to $1.1 billion. This represents perhaps one of the better financial scenarios for the company after it warned that losses could be as high as 9 billion yuan, or $1.3 billion. Nevertheless, it still symbolizes a significant ...

from PhoneArena - News https://www.phonearena.com/news/ZTE-posts-1.1-billion-loss-as-executives-expect-growth-to-return-in-2019_id108310
via Telephone Engineers

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