ZTE Q1 net profit grows 203.5 pct

ZTE Corp, China's second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the country's introduction of 4G networks.

Net profit rose 203.5 percent to 622.2 million yuan ($100.01 million) from January to March, compared with an estimated range of 425 million yuan to 637 million yuan, the Shenzhen-based company said on Thursday.