Q3 09, ZTE Profit Increase Up To Nearly 60%

Q3 09, ZTE Profit Increase Up To Nearly 60%. Zhong Xing Telecommunication Equipment (ZTE), a provider of telecommunications equipment and network products (GSM and CDMA) come from China, announced its financial report for Q2 2009. Noted, corporate profits increased by almost 60 percent.

Compared to last year, ZTE reported that earnings during the quarter rose about 43 percent to U.S. $ 2.2 billion or equivalent to Rp 20.9 trillion.

Meanwhile, net profit recorded a growth dibukukannya managed 58.18 percent, to around U.S. $ 60 million or equivalent to Rp 571 billion.

In terms of market development, such as VIVAnews quotes from Cellular News, October 28, 2009, ZTE recorded a substantial growth from operating income of most of the construction of 3G networks in China. In the global market, ZTE claims began to be able to build a more fierce competition with profit costs, financing sources, and the ability to adjust.

By product, the carrier network using ZTE products recorded an increase year-on-year about 47.32 percent, which affected a large income by selling the company for 3G network equipment, optical transmission and data communication products or modem.

Reportedly also, the contribution of terminal products also grew significantly ZTE, which is approximately 38.67 per cent, in line with sales growth of 3G networks. While the contribution of telecommunications software systems, services, and other products reported average rose to 17.85 percent. Seen here, the most significant contribution coming from sales of terminal products.

Speaking last quarter of this year, ZTE claims will increase revenues and profits to go to Western European markets and the United States, in addition to strengthening its position in the China 3G market.

From vivanews..