Wednesday, July 24, 2013

Huawei Hits First Half 2013 Revenue of US$18.55 Billion, up 11%

Huawei reported unaudited revenues of CNY 113.8 billion for the first half of 2013, an increase of 10.8% over the same period in 2012. Huawei expects to generate a net profit margin of 7-8% in 2013.


"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," said Cathy Meng, Chief Financial Officer, Huawei. "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%."

http://www.huawei.com/en/about-huawei/newsroom/press-release/hw-275714-operationresults.htm

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