China’s ZTE Posts 1.1 Billion First-Half Loss on Impact from US Supplier Ban
(From Reuters)
ZTE Corp (000063.SZ) (0763.HK) reported a first-half net loss of 7.8 billion yuan ($1.1 billion) on Thursday, weighed down by a ban on U.S. firms selling parts to the Chinese telecom equipment maker that forced it to cease operations for three months.
The result compared with the 7 billion to 9 billion yuan net loss estimate disclosed last month, and the 2.3 billion yuan profit booked in the same period a year earlier.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2018/08/chinas-zte-posts-1-1-billion-first-half-loss-on-impact-from-us-supplier-ban/
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