Information  X 
Enter a valid email address

ZTC Telecoms plc (ZTC)

  Print      Mail a friend

Monday 04 June, 2007

ZTC Telecoms plc

Trading Statement

ZTC Telecommunications plc
04 June 2007

                           ZTC TELECOMMUNICATIONS PLC
                            ('ZTC' or 'the Company')

                          NEW MOBILE HANDSETS LAUNCHED
                             AND UPDATE TO TRADING

ZTC Telecommunications Plc, a China based designer, assembler and distributor of
mobile phone handsets which was admitted to AIM on 21 March 2007, is pleased to
provide an update of its activities.

ZTC's handsets are aimed primarily at the estimated 800 million Chinese who
reside in the lesser developed north, central and western regions of the PRC.
The Company strategy is focused on handsets that are 'Fashionable, Economical
and Practical' at the lower to mid price range.

During the first quarter of 2007 ZTC continued to bring new models to the
market. In particular it was one of the first handset manufacturers to introduce
a large 2.8' colour screen model, which was well received and continues to enjoy
good sales levels. The Company also successfully introduced an innovative dual
SIM-card handset, which allows the user to switch between the two, thereby
reducing roaming charges. These models, which are in the upper price range of
the Company's product portfolio, also have additional features such as
high-resolution cameras and MP3 and MP4 capabilities.

Since its AIM listing, ZTC has continued to see strong growth in its business
whilst maintaining its margin levels. Given a combination of buoyant market
conditions and continued acceptance of recent product launches, the Company is
confident that trading for the period ending 30 June 2007 will be materially
ahead of market expectations before exceptional items such as listing costs.

Audited results covering the year ending 30 June 2007, which will incorporate
the results of the China operation since acquisition in March 2007 and reflect
the non-recurring costs associated with admission to AIM and overheads relating
to the Company's previous activity, are expected to be announced in October

CEO Charles Huang commented; 'We are particularly pleased with the platform
created by the success of these model launches and plan to capitalise on this
opportunity by introducing additional features such as dual-camera, ultra-long
life battery, Bluetooth and GPS, in the coming months. The mobile phone industry
continues to exhibit strong growth in China with new subscriber numbers growing
at 4-5 million per month through to the end of April, with increasing uptake
from the lesser developed areas.'


For further information please contact:

Mark Syropoulo, Finance Director                            +61 7 54405343
Frank Lewis, Chairman                                      +4 20 7429 6666

Blue Oar Securities                                       +44 20 7448 4400
Romil Patel / Shane Gallwey

Conduit PR                                                +44 20 7429 6609
Christian Taylor-Wilkinson, Jos Simson, or Anouska Widdess

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                  

a d v e r t i s e m e n t