Huawei returns to profit growth in 2012

News General Global 5 JAN 2013
Huawei returns to profit growth in 2012
Huawei announced a return to growth in profits for 2012, after a sharp fall in 2011. The Chinese equipment maker recorded over 10 percent growth in revenues and profits in 2012, according to a New year's message from acting CEO Guo Ping. Revenues are expected to exceed USD 35 billion, and net profit will be about USD 2.4 billion. 

The CEO said the company further consolidated its share of the carrier network equipment market, with over 130 LTE and more than 70 EPC networks deployed worldwide. In addition, its smartphone business has expanded in high-end markets such as Japan, the US, and Europe. 

In 2013, the company aims to expand its leading positions in mobile broadband, fixed broadband and backbone network equipment. The CEO noted that the rapid growth of the past will be replaced by a stronger focus on cost control and efficient delivery to customers. Internal management will also be simplified, with more responsibility handed to field offices. 

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Huawei China

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Enterprise equipment, Financial figures, Consumer devices, Network equipment, Handsets

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