ZTE Posts Second-Straight Loss on Delayed Contracts
This article is for subscribers only.
ZTE Corp., China’s second-biggest maker of mobile-phone equipment, posted its second-straight quarterly loss due to contract delays and falling handset sales in China.
The net loss of 1.14 billion yuan ($183 million) in the three months ended Dec. 31 compared with net income of 991.6 million yuan a year earlier, based on figures derived from 12-month results the Shenzhen-based company released in a statement today.