HONG KONG - Huawei Technologies Co Ltd, one of the world's largest telecom equipment makers, on Monday posted a 30 percent increase in first-half revenue to 175.9 billion yuan ($28.3 billion) and said it would achieve "effective growth" in 2015.
The Shenzhen-based company, which competes with Sweden's Ericsson for the top spot in the global market for communications towers and other infrastructure, posted an operating margin of 18 percent in the first six months of 2015, compared with 18.3 percent in the previous half-year. The private company did not elaborate in its brief statement.
"Huawei achieved stable and healthy growth in all of its three business segments," Huawei CFO Meng Wanzhou said in the statement, referring to the company's telecom, consumer device and enterprise business segments.
"We are confident that we will maintain effective growth and steady and healthy development in all business segments in 2015."
Huawei earlier this year set a target of 20 percent growth in global revenue for 2015.
Last year, Huawei reported a 19 percent rise in its first-half revenue. The company reported an operating margin of 11.9 percent in 2014.
Huawei had targeted overall revenue of $70 billion by 2018, which translates as roughly 10 percent annual growth. It posted 21 percent revenue growth last year.
($1 = 6.2094 Chinese yuan renminbi) - Reuters
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔