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China’s Huawei books fastest profit growth in four years

31
Mar
2014

SHENZHEN (Reuters) – Chinas Huawei Technologies Ltd, the worlds No.2 telecommunications equipment maker, matched company guidance by reporting its fastest profit growth in four years, powered by strength at home and in its enterprise and consumer businesses. Net profit for 2013 rose 34.4 percent to 21 billion yuan ($3.38 billion), the company said in a statement on Monday. Operating profit was 29.1 billion yuan, compared with the companys forecast range of 28.6 billion yuan to 29.4 billion yuan. …

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