April 17, 2017 / 9:15 AM / 3 months ago

BRIEF-ZTE's Q1 net profit up, plans industry fund with partners

1 Min Read

April 17 (Reuters) - ZTE Corp

* Says Q1 net profit up 27.8 percent y/y at 1.2 billion yuan ($174.26 million)

* Says it and unit plan to invest a combined 1.3 billion yuan to set up industry fund worth up to 3.7 billion yuan

Source text in Chinese: bit.ly/2nU6uoQ; bit.ly/2ppeVbY

Further company coverage: ($1 = 6.8864 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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