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RT @TechCrunch: ZTE Posts Second Straight Net Loss Of $183M In Q4 On Emerging Market Woes http://t.co/hh0Bs18KLp by @vickiho
March 28, 2013
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ZTE Posts Second Straight Net Loss Of $183M In Q4 On Emerging Market Woes
As it already warned, ZTE posted its second-straight quarterly loss, due to contract delays and falling handset sales in China. It made a net loss of 1.14 billion yuan ($183 million) in the three months ended Dec. 31, compared with its net income of 991.16 million yuan a year prior.