ZTE has reported a profit of RMB 1.36 billion for the year 2013. The company claims to have witnessed strong improvement in the gross margin of its carrier network operations with several 4G deployments.
Net profit attributable to shareholders of the listed company has been pegged at RMB 1.36 billion in 2013, or RMB 0.39 per share, compared with a loss a year earlier. ZTE has also declared a cash dividend of RMB 0.3 (including taxation) for every 10 shares held, representing 75.8 per cent of total net profit earned in 2013. However, the company?s revenues in 2013 declined by 10.6 per cent and stood at RMB 75.2 billion.
Further, in 2013 ZTE reported operating revenue of RMB 35.63 billion in China accounting for 47.4 per cent of the company?s overall operating revenue. Meanwhile, the company has reported operating revenue of RMB 39.60 billion from international operations, accounting for 52.6 per cent of its overall operating revenue.
In 2013, ZTE prioritised on strategically important operations in populous countries, and the development of business with major international operators. The company exercised stringent control over contracts with lower margins, leading to improved gross margin for international projects.
