Tuesday, 18 September 2018

Huawei reversed profit decline in 2012

By Mary Lennighan, Total Telecom
Friday 04 January 13

Chinese vendor's CEO says revenues, sales both grew by more than 10% last year; outlines strategic plan for 2013.

Huawei recorded a 10%-plus increase in both net profit and revenues in 2012, acting CEO Guo Ping said in his New Year message earlier this week. The Chinese vendor said it expects sales revenue for the year to exceed US$35 billion, while net profit will come in at around $2.4 billion. By contrast, in 2011 the firm saw its bottom line more than halve to 11…

Huawei recorded a 10%-plus increase in both net profit and revenues in 2012, acting CEO Guo Ping said in his New Year message earlier this week. The Chinese vendor said it expects sales revenue for the year to exceed US$35 billion, while net profit will come in at around $2.4 billion. By contrast, in 2011 the firm saw its bottom line more than halve to 11…

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