ZTE lost 1.1 billion in the first half of this year due to the U.S. ban, will look in 2019

ZTE Company

After has been struggling with sanctions imposed by the United States government for the year 2018, it has settled firm ZTE in the end, the US $ 1.7 million of penalties and pay $ 1.4 million dollars in the month of July. This has resulted in the worst half a year for ever by recording a loss of us $ 1.1 billion.

In spite of the losses incurred by the company in the first half of this year, it is still expected to achieve net profit of ranging from 3.54 million and $ 146.40 million USD for the second quarter of 2018. Has back orders production to normal and in line with the plans of the months of July and August. The net loss is expected due to the U.S. ban was set, it ranges actually between 7 and 9 million Chinese yuan.

When it comes to the future, leaving the company’s great potential in the technology of the fifth generation during the next year, will be on the right track with the projected growth. Despite that, there may be obstacles hidden along the way due to the trade War of the global University now.

 

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