China 's ZTE Corporation is expecting to see a Q1 net profit of up to $ 179 m this year , in a change of fortunes from its $ 100 loss last year . The telecoms equipment company was fined $ 500 in June by the US for violating trade sanctions against Iran . The company plans to ramp up its 5 G and cybersecurity initiatives as it rebounds from last year 's setbacks .
China's ZTE Corporation is expecting to see a Q1 net profit of up to $179m this year, in a change of fortunes following its $1.04bn loss last year. The telecoms equipment provider was fined $1bn in June by the US for violating trade sanctions against Iran. The company plans to ramp up its 5G and cybersecurity initiatives as it rebounds from last year's setbacks.