AMMAN: ZTE Corporation a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today reported first-quarter net profit rose 41.9%, as the company’s new M-ICT strategy generated new growth avenues.
Net profit attributable to shareholders of the listed company increased to RMB 883 million (US$142 million) in the first three months, according to the results announcement posted by ZTE Today. Basic earnings per share climbed to RMB 0.24, while revenue rose 10.2% to RMB 21 billion.
Operating revenue from telecommunications software systems, services and other products increased by 23.4% in the first quarter, as ZTE recorded strong growth from video and network terminal products, in addition to services. Under the company’s M-ICT strategy, ZTE is focusing on new innovative products to capture the growth in demand for solutions in cloud computing, big Data, Smart City and high-performance routers, helping carriers and enterprise customers capitalize on opportunities in the era of mobile broadband and Internet of Things.
