Slow pace for Huawei sales

The Star Early Edition - - INTERNATIONAL -

CHINA’S Huawei Tech­nol­ogy says first-half rev­enues at its tele­coms equip­ment and smart­phone busi­nesses ex­panded at a slower pace than the year be­fore. The com­pany, which is one of the world’s big­gest tele­coms gear mak­ers, said yes­ter­day that sales grew 15 per­cent to 283.1 bil­lion yuan (R545.4bn) in the first six months of the year. That’s down from 40 per­cent growth a year ago. Con­sumer sales, which in­cludes Huawei’s smart­phone unit, ex­panded 36.2 per­cent to 105.4bn yuan, com­pared with last year’s 41 per­cent pace. Huawei said the num­bers were not au­dited. It did not dis­close profit fig­ures.

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