China ZTE's H1 net to rise 23.5 percent; to issue A-share options Jul 22nd 2013, 08:47
(Reuters) - ZTE Corp on Monday forecast a 23.5 percent increase in its net profit for the first half of the year.
China's second biggest telecom equipment maker expects to post a net profit of around 302.3 million yuan (32 million pounds), according to a Chinese-language statement posted on the Shenzhen stock exchange. The final first half results are due in August.
The company also plans to issue a maximum of 103.2 million Shenzhen-listed A-share options to more than 1,513 employees.
(Reporting by Christina Lo and Lee Chyen Yee)