Chinese handset maker and telecom supplier ZTE Corp. has reported full-year net profit of 4.57 billion yuan, or about $721 million. That’s a whopping increase of 293.8% over 2016, and marks a return to profitability after faltering a year earlier. It also reported revenue of 109 billion yuan in 2017, which is 7.5% higher than a year earlier. The swing back to black isn’t unexpected: The company said that 2016’s net loss of 2.4 billion yuan was a direct result of a $892 million fine paid to the United States for breaking U.S. trade sanctions; absent the penalty, ZTE said it would have made 3.8 billion yuan in net profit. For 2017, the company reported 64 billion yuan in revenue from its carrier networks division, 35 billion yuan in the consumer segment, and 10 billion yuan from its government and enterprise businesses. Out of the total, 62 billion yuan came from domestic activities in China, and 47 bilion yuan came from international markets. Aside from its mark...
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