Chinese network infrastructure vendor ZTE has issued a revised earnings report for the first quarter of the year that puts quarterly losses at more than CNY 5.4 billion ($790 million) after taking into account a recent ban imposed by the U.S. government.
The vendor had previously reported a net profit of CNY 1.69 billion for the first three months of 2018, compared with a net profit of CNY 1.2 billion in the year-ago period. Revenue increased 6.9% on year to CNY 27.5 billion.
