HONG KONG (Reuters) - Chinese telecom equipment maker ZTE Corp <000063.SZ> (HK:0763) on Thursday booked a 9.3 percent rise in first-half profit as China's adoption of fourth-generation (4G) mobile technology offset the impact of government restrictions on its U.S. operations.
Net profit reached 1.8 billion yuan ($270.43 million) in January-June, versus 1.6 billion yuan a year earlier, the firm said in a filing at the Shenzhen Stock Exchange.
Revenue rose 4.05 percent to 47.8 billion yuan. That compared with the 49.17 billion yuan average estimate from analysts polled by Thomson Reuters SmartEstimates.
ZTE earlier this month won a reprieve to restrictions on exports from the United States imposed in March for alleged violations of U.S. sanctions against Iran. [nL3N1B002V]