Date
22 November 2017

Huawei 2013 profit up over 40%, paper says

Huawei Technologies Co. Ltd. said its unaudited operating profit was between 28.6 billion yuan (US$4.73 billion) and 29.4 billion yuan in 2013, growing at 43-47 percent from a year earlier and faster than the 33 percent clip in 2012, China Business News reported Thursday. The increase was mainly attributed to corporate business, which accounted for about 7 percent of the total, and its consumer operations, which commanded 23 percent. Global sales revenue was up about 8 percent from a year earlier to between 238 billion yuan and 240 billion yuan, it said.

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