By Yi Wei Wong
ZTE Corp. reported that its third-quarter net profit plunged as investment income fell.
The telecommunication company reported late Wednesday that its third-quarter net profit fell 68% to 854.8 million Chinese yuan ($127 million).
Investment income fell by CNY75.8 million during the third quarter, ZTE said.
Operating revenue gained 37% to CNY26.93 billion in the third quarter, the company said.
Write to Yi Wei Wong at email@example.com
(END) Dow Jones Newswires