ZTE was charged of breaking US trade sanctions in opposition to Iran and North Korea and now the company entreats responsible to those charges. The company is now consented to pay a payment of $892 million, that’s a fine shoved the company’s bottom line in red. If the company breaks the circumstances of settlement, the company could be hooked for other $300 to pay.

ZTE send a profit of $158 million however the fine was huge enough to set the company’s profit in to negative. The company bears $343 million loss however didn’t get the expected profit of $557 million.

On the affirmative face, revenues increased – 24.6% quarter to quarter and 1% year to year. In addition, ZTE’s shares increased 13.9% before the conclusion of the operating day.