HONG KONG (Reuters) – ZTE Corp, Chinas second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the countrys introduction of fourth-generation mobile networks. Net profit rose 204 percent to 622.2 million yuan ($100.01 million) in January-March compared with an estimated range of 425 million yuan to 637 million yuan, the Shenzhen-based company said on Thursday. Operating revenue rose 5.5 percent from a year earlier to 19.05 billion yuan. Shares of ZTE closed 1. …
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