4/12/2010 11:28:00 AM
ZTE sees growth in revenue from international markets
Chinese manufacturer ZTE has posted end of
year results showing nearly half
of total revenue for the group came from its international operations.
international markets and relationships reached £2.830m–
an increase of
11.34% year-on-year, making up 49.6% of
its total revenue.
The company saw growth in handset sales
during the course of 2009. In its domestic market of China, the company attributed the
growth to a ‘thriving 3G market’. Internationally ZTE saw an increase in phone
sales in Europe and the United States.
The manufacturer said in the statement: ‘ZTE
continued to make breakthroughs in important country markets and mainstream
carriers, resulting in a more balanced global
Meanwhile, the company
saw total revenue grow
36.08% year on year to £
Net profit reached
£233.1m representing a 48.06%
increase compared to 2008.
Mr. Hou Weigui, said: ‘In 2009, our Group
attained significant breakthroughs and growth in the mainstream product of
carriers’ network. In the mainstream market, we topped the overall ranking for
the PRC 3G market during the reporting period, while revenue from Europe and
America was growing fast as a
percentage of the Group’s sales revenue from international markets.
‘We succeeded in making
major breakthroughs in the mainstream market on the back of our strengths in
research and development as well as our ability in swift network delivery,
winning contracts to build commercial networks in major cities around the world
for mainstream carriers such as CSL, KPN and