Monday, July 22, 2013

(22-07-2013) China ZTE's H1 net to rise 23.5 percent; to issue A-share options TechSc1ence


China ZTE's H1 net to rise 23.5 percent; to issue A-share options Jul 22nd 2013, 08:47

Reuters – 

(Reuters) - ZTE Corp on Monday forecast a 23.5 percent increase in its net profit for the first half of the year.

China's second biggest telecom equipment maker expects to post a net profit of around 302.3 million yuan (32 million pounds), according to a Chinese-language statement posted on the Shenzhen stock exchange. The final first half results are due in August.

The company also plans to issue a maximum of 103.2 million Shenzhen-listed A-share options to more than 1,513 employees.

(Reporting by Christina Lo and Lee Chyen Yee)

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