Huawei reports 22 per cent fall in operating profit in H112

Chinese telecom technology provider Huawei reported H112 sales revenue of CNY102.7 billion (US$16.16 billion), representing an increase of 5.1 per cent year-on-year. Operating profit amounted to CNY8.79 billion with an operating margin at 8.6 per cent, an increase of 20.3 per cent half-on-half and a decrease of 22 per cent year-on-year.

In the first half of 2012, Huawei’s three business groups – Huawei Carrier Network, Huawei Enterprise, and Huawei Device—achieved considerable progress in technological innovation and market expansion, further consolidating the company’s position as a leading global ICT solutions provider.