By Yifan Wang

ZTE Corp. said its net profit rose 62% in the fourth quarter, thanks to higher revenue.

The Chinese telecom-equipment maker's net profit for the October-to-December quarter was 1.66 billion yuan (US$256.10 million), the firm said in a stock exchange filing late Friday.

It didn't provide revenue figures for the period.

During the full year of 2020, ZTE's net profit fell 15% to CNY4.37 billion, due to a high comparison base from 2019, driven by a one-off income from asset disposal that year.

Full-year revenue rose 12% to CNY101.38 billion, thanks to growth in both domestic and overseas markets across business segments, it said.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

01-24-21 2026ET