Analyst Research

Report Title Price
Provider: ValuEngine, Inc.
$49.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: Thomson Reuters Stock Report
$25.00
Provider: ValuEngine, Inc.
$49.00

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ZTE Corp Comments On FY 2013 Earnings Guidance


Tuesday, 22 Oct 2013 04:51am EDT 

ZTE Corp announced that for fiscal 2013, it expects to realize a turnaround to profit, while the net loss attributable to the shareholders of the listed company was recorded at RMB2.84 billion in the fiscal 2012. The increase is primarily due to the reasons that the Group has strengthened its management over contract profitability by strictly controlling the signing of low gross margin contracts, therefore the gross margin of the Group will have been increased compared with the last year; the Group has also strengthened its cost control by focusing on cost efficiency, therefore the expenses of the Group (including selling, administrative and research and development expenses) in the year ending December 31, 2013 will have been decreased significantly compared with the fiscal 2012. 

Company Quote

21.86
-0.06 -0.27%
27 Mar 2015