7/24/2013 12:43:13 PM
Huawei confident on year ahead
Huawei has said it has hit its half year targets, with sales up 10.8% on its previous year.
Sales at the Chinese smartphone and telecoms equipment manufacturer were CNY113.8bn (£12.08bn), with the manufacturer predicting a net profit maging of between 7-8% in its latest financial year.
Cathy Meng, chief financial officer at Huawei, said: 'Our success in H1 2013 was mainly driven by the steady growth of the carrier network business, the expansion of the enterprise business, and the fast growth of the consumer business, as well as the continuous enhancement of our overall operational efficiency. Revenues and profit are in line with our expectations. From these positive indicators, we believe Huawei will generate strong performance and profit margins in the second half of this year and are confident that we will achieve our goal to increase revenue by 10%.'
Author: Graeme Neill