China’s Huawei Technologies 2014 profit grows 33 percent

31 Mar, 2015 8:22 am

HONG KONG – China’s Huawei Technologies Ltd [HWT.UL], the world’s No.2 telecommunications equipment maker, reported a 33 percent rise in profit for 2014, matching company guidance, as the global adoption of fourth-generation (4G) mobile technology boosted sales.

Net profit for 2014 rose to 27.9 billion yuan, the Shenzhen-based company told media in an earnings briefing on Tuesday.

Global revenue rose 21 percent to 288.2 billion yuan in 2014, from 239 billion yuan a year earlier. – REUTERS

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