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July 28, 2018
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After the lifting of the embargo, ZTE (00763) announced the reinstatement of the results of the first quarter of 2009. End of March, due to the inability of large companies and a fine of 1 billion dollars (about $ 7.8 billion), the group was hit. The rotating losses, eclipses 5.41 billion yuan (RMB below), a $ 6.33 billion Hong Kong contract, a loss of 1.29 yuan per share. The company released its first-quarter results in April with a profit of 1.687 billion yuan.
Fines dragged the business …
(Extract)
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