Latest News | Revenues Down 13%, ZTE Swings to Loss | Indonesia Today

Latest News | Revenues Down 13%, ZTE Swings to Loss | Indonesia Today HONG KONG (Indonesia Today) - ZTE Corporation, one of the largest ICT players in the world, booked net loss of RMB1.9 billion in the third quarter ended September 30, 2012. 

The company generated sales revenue of RMB18.09 billion in the quarter, down 13% from the corresponding period of 2011. As a result, the company's nine months revenues inched up only 5% to RMB60.73 billion.