Monday, July 23, 2012

Huawei's 2012 H1 Sales Zoom to CNY102.7 Billion, Up 5.1%

Huawei reported revenue for the first half of 2012 of CNY102.7 billion, an increase of 5.1% over the first half of 2011. Operating profit was CNY8.79 billion with the operating margin at 8.6%, an increase of 20.3% against 2011 H2 and a decrease of 22.0% from 2011 H1.

The company asserted that it continues to maintain robust growth momentum although the global economic situation and telecom equipment market remains a significant challenge.

"In 2012, Huawei outlined our new pipe strategy and we will focus even further on this approach moving forward to ensure more effective growth and greater efficiency to drive continued improvements in operating performance," said Ms. Meng Wanzhou, Chief Financial Officer of Huawei. "We are relatively optimistic about our operating performance and profitability for the remainder of 2012."

Huawei noted that it has now deployed 38 of the 80 commercial LTE networks launched worldwide . These networks now cover footprints of 200 million people.

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