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(Telecompaper) ZTE said operating revenues for the first quarter slipped to CNY 21.48 billion from 22.02 billion the year before, and that the net profit declined to CNY 780 million from 863 million year-on-year. The net profit after extraordinary items however rose 20.5 percent to CNY 160 million. Basic earnings per share went to CNY 0.18.
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