China's ZTE says 2009 profit jumps up to 56 pct on 3G business gains

10:03, January 30, 2010      

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ZTE Corporation, China's largest telecom equipment producer by market value, said its profit is estimated to surge up to 56 percent in 2009 benefited by large-scale construction of 3G networks.

Profit is expected to total between 2.37 billion yuan (338 million U.S. dollars) and 2.59 billion yuan, the company said in a preliminary statement posted on the Web site of the Shenzhen Stock Exchange on Friday before its release of the anuual report.

Earnings per share will rise up to 56 percent to 1.48 yuan.

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