BRIEF: ZTE first quarter profit tumbles on forex swing
Telecoms equipment maker ZTE Corp. (0763.HK; 000063.SZ) announced on Friday its revenue rose 6.1% year-on-year to about 35 billion yuan ($5.12 billion) in the first quarter. But its net profit…
CIG’s strong profit forecast fails to excite, hinting at fading AI euphoria
The maker of networking equipment used in homes and data centers said its profit grew strongly last year, but its stock fell sharply on the news Key Takeaways: CIG Shanghai…
Comba Telecom rings up red ink on 5G spending slowdown
The network equipment supplier said it would report a HK$160 million loss in the first half of this year, as it fell into the red for the first time since…
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