Huawei released its unaudited financial results, and said that its revenues for 2013 are expected to be up by around eight per cent at between CNY238 billion to CNY 240 billion (around US$39.8 billion).
More than 75 per cent of the carrier network business group’s revenue in 2013 came from the world’s top 50 telecom carriers, while the proportion of revenue from services and software in the carrier business increased to 37 per cent in 2013 from 34 per cent in 2012.
Huawei says that it also generated rapid growth in its consumer and enterprise business groups.
CFO Cathy Meng announced that Huawei’s operating profit for 2013 is expected to be in the range CNY28.6 billion to CNY29.4 billion. That represents a jump of around 43 per cent over the previous year. The company said that profits growth was due to restructuring and cost cutting measures.
Meng commented, "Huawei’s investment in R&D reached CNY33 billion, accounting for about 14 per cent of our sales revenue."
Huawei’s audited results are due to be announced in the second quarter of 2014.
0 comments ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment