Telecom equipment provider ZTE Corporation (0763.HK, 000063.SZ) estimated 2009 net profits have risen by 43-56% year-on-year to between RMB 2.37 and 2.59 billion, due to large-scale 3G construction and improvements in internal management, the company announced January 30. Earnings per share rose from RMB 0.95 in 2008 to between RMB 1.35 and RMB 1.48 in 2009, representing growth of 42% to 56% year-on-year, according to the company's estimate.

Source:jlmpacificepoch