BRIEF-China's ZTE Q3 returns to profit, expcets to turn profitable for 2013

Tue Oct 22, 2013 4:49am EDT

Oct 22 (Reuters) - ZTE Corp

* Says Q3 net profit 241.6 million yuan ($39.66 million), reversing net loss year ago

* ZTE says January-September net profit 551.6 million yuan

* ZTE says China has not issued 4G licences, so impact of 4G equipment procurement is an uncertainty for this year's financial results

* ZTE says expects to turn profitable for 2013 from loss in 2012

* ZTE says to turn profitable as will strictly limit the signing of low margin contracts to raise profit marginsSource text in Chinese: company coverage: ($1 = 6.0925 Chinese yuan) (Reporting by Hong Kong and Singapore newsrooms)