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Huawei reports 19% increase in sales

  • Huawei has reported a 19% hike in sales to reach £12.8bn for the first six months of 2014.

    The Chinese telecom equipment maker, which is one of the world's largest smartphone manufacturers, expects an operating profit margin of 18.3% for the same period.

    Chief Financial Officer Cathy Meng said Huawei had achieved “quality and sustainable growth” in its consumer business owing to “increase of brand awareness and smart devices sales worldwide.”

     


    Tagged as: Huawei, Chinese, telecom, smartphone manufacturer, profit, business news