China's ZTE Corp posts third-quarter profit, expects full-year loss

China's ZTE Corp posts third-quarter profit, expects full-year lossChinese telecoms equipment maker ZTE Corp posted a third-quarter net profit of 564 million yuan ($ 81 million) after resuming business in the wake of crippling U.S. sanctions, but said it still expects to post a loss of up to 7.2 billion yuan for the full year. The world’s fourth-largest telecommunications equipment maker by market share posted its worst half-year loss of 7.8 billion yuan in August due to U.S. sanctions over violations of export restrictions. In its Thursday filing ZTE said it expects to make a loss of between 6.2 billion and 7.2 billion yuan for full-year 2018, compared with a profit of 4.57 billion in 2017.



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