This ad will auto close in 10 seconds

China's Huawei aims to raise revenue by 10% in 2014

Reuters | Last Updated: Monday, March 31, 2014 - 10:57

Shenzhen: Huawei Technologies Ltd aims to increase revenue by 10 percent in 2014, eyeing total sales of USD 70 billion by 2018, the company said at its 2013 annual results press conference in Shenzhen on Monday.

Huawei saw revenue rise 8.6 percent to reach a record 239 billion yuan in 2013 versus company guidance of 238 billion yuan to 240 billion yuan, as profit margins improved for the second year in a row.

Net profit for 2013 rose 34.4 percent to 21 billion yuan, its fastest growth rate in four years.

First Published: Monday, March 31, 2014 - 10:32
comments powered by Disqus