Huawei’s 2013 profit hits 47 per­cent

China Daily (Canada) - - NEWS CAPSULE -

Huawei Tech­nolo­gies Co Ltd es­ti­mated its op­er­at­ing profit jumped 47 per­cent in 2013 due to re­duced costs and im­proved busi­ness with con­sumers and en­ter­prises, the Ori­en­tal Morn­ing Post re­ported.

Huawei fore­cast $4.8 bil­lion in unau­dited op­er­at­ing profit in 2013, CFO Cathy Meng was quoted as say­ing.

Rev­enue of the tele­com equip­ment maker is es­ti­mated be­tween 238 bil­lion yuan and 240 bil­lion yuan in 2013, up about 8.6 per­cent, but lower than its ear­lier pro­jec­tion of 10 per­cent growth.

The im­prove­ment came de­spite set­backs in the United States and Aus­tralia and a cy­ber­se­cu­rity in­ves­ti­ga­tion in Bri­tain.

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