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China’s Huawei says unaudited 2013 operating profit rose over 40 percent

15
Jan
2014

By Paul Carsten BEIJING (Reuters) – Huawei Technologies Co Ltd posted an over 40 percent rise in annual operating profit as the Chinese telecom equipment maker expanded its presence in emerging markets, countering reduced revenue growth hit by accusations of cyber-espionage. Huawei, the worlds No.2 telecom equipment maker, has had a turbulent year in which it was shut out of multi-billion dollar network opportunities in the United States and Australia and drew the scrutiny of British authorities over cyber security issues. To counteract this, the unlisted company has placed its hopes in developing markets and its business in Europe, where it has made headway building fourth-generation mobile networks.

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