China's ZTE Corp posts third-quarter profit, expects full-year loss

China's ZTE Corp posts third-quarter profit, expects full-year loss

6 years ago
Anonymous $oIHRkISgaL

https://www.reuters.com/article/us-zte-results/chinas-zte-corp-posts-third-quarter-profit-expects-full-year-loss-idUSKCN1MZ1HG

Chinese telecoms equipment maker ZTE Corp posted a third-quarter net profit of 564 million yuan ($81 million) after resuming business in the wake of crippling U.S. sanctions, but said it still expects to post a loss of up to 7.2 billion yuan for the full year.