ZTE Corp swings to first-quarter profit of 862.6 million yuan

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ZTE Corp swings to first-quarter profit of 862.6 million yuan
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China's ZTE Corp reported on Monday a first-quarter profit of 862.6 million...

FILE PHOTO: The logo of China's ZTE Corp is seen on a building in Nanjing, Jiangsu province, China April 19, 2018. REUTERS/Stringer

The world’s fourth-largest telecommunications equipment maker by market share also forecast a net profit of 1.2-1.8 billion yuan for the first half of 2019.

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