ZTE revenue grows 7% to $11.55 billion in nine months

Telecom equipment maker ZTE Corporation said it posted revenue of RMB76.58 billion or $11.55 billion (+7.01 percent) in the first nine months of 2017.

Net profit of ZTE was RMB 3.905 billion or $589 million (+36.58 percent) for the nine months ended 30 September 2017.

ZTE said the company’s net profit was bolstered by the growth of operations in carriers’ network and consumers business, is estimated to be RMB 4.3-4.8 billion for the whole year.