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General

Huawei grows sales 8% in 2013

Wednesday 15 January 2014 | 09:10 CET | News
Huawei said it expects to report sales for 2013 up around 8 percent to CNY 238-240 billion. This is slightly less than its earlier outlook for over 10 percent growth. In dollars, sales rose an estimated 11.6 percent to USD 39.2-39.4 billion. Operating profit is forecast at CNY 28.6-29.4 billion, helped by a focus on improving margins through cost reductions and efficiency efforts. Operating cash flow and the balance sheet total were stable compared to 2012, the company said. Huawei said it attracted new business at all three of its activities in 2013 - carrier networks, enterprise and

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Categories: General
Companies: Huawei China
Countries: World
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