Caixin
Oct 26, 2018 06:41 PM
BUSINESS & TECH

ZTE Slow to Recover From U.S. Sanctions

ZTE Corp. 5G cellphones are displayed at the China International Information Communications Technology Exhibition at the China National Convention Center in Beijing on Sept. 28. Photo: VCG
ZTE Corp. 5G cellphones are displayed at the China International Information Communications Technology Exhibition at the China National Convention Center in Beijing on Sept. 28. Photo: VCG

* ZTE said it returned to profitability in the third quarter, after reporting a massive 2.4 billion yuan ($345 million) loss in the previous quarter

* In separate filing, company said it expects to report a loss of 6.2 billion yuan to 7.2 billion yuan for all of 2018

(Beijing) — Shares of ZTE Corp. sagged on Friday after the embattled telecom-equipment maker said it expects to post a slow recovery from a high-profile dispute with Washington that nearly put it out of business.

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