ZTE falls to annual loss over U.S. sanctions case, sees better Q1

HONG KONG (Reuters) - Chinese telecoms equipment group ZTE Corpsaid on Wednesday it expected to post a loss in 2016, hit by fines it is paying to settle a U.S. sanctions case. It estimated a preliminary full-year loss of 2.36 billion yuan ($342 million) for 2016 compared with a profit of 3.21 billion yuan in the previous year. But it also said it expects first-quarter profit could rise more than 20 percent as revenue from carriers' networks and consumer business has increased. Preliminary net pr