ZTE profit up 157% 
2019-10-30
Chinese telecoms equipment maker ZTE reported a 156.9 percent rise in net profit in the first three quarters of 2019. Net profit rose to 4.13 billion yuan (US$580 million), while revenue was 64.24 billion yuan, the company said in its quarterly financial statement. ZTE invested 9.36 billion yuan in research and development during the same period, accounting for 14.6 percent of its operating revenue.
