Top management apologize, would work on readjusting
Special Correspondent
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2012-10-22 08:15
China's one of the biggest telecom companies, ZTE corporation, has apologized for the distressing operating results for the first nine months of this year, which projected net loss attributable to shareholders between RMB1.65 billion and RMB1.75 billion, a reversal of between 254.42% and 263.78% compared to the same period of a year earlier, though the results indicate an increase in its revenue as compared to the corresponding period of 2011. However, the question is, can the company overcome the financial challenges and restore customers' confidence?