Jan 22 2013, 1:40am CST | by Luigi Lugmayr
Beijing, Jan 22 — Chinese telecom equipment maker Huawei pocketed 15.4 billion yuan ($2.44 billion) in net profits in 2012, up 33 percent year-on-year.
About 66 percent of its revenues came from overseas markets, Meng was quoted as saying in Tuesday's edition of the Beijing News.
She attributed the growth to a more focused strategy, simplified management and improved efficiency, reported Xinhua.
She also forecast that the company's overall revenues for 2013 will grow by 10 to 12 percent year on year.
Meng said Huawei is open to the possibility of becoming a listed company, adding that any move the company makes in the future will be in line with legal requirements and shareholders' interests.
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at firstname.lastname@example.org. Luigi posts regularly on LuigiMe.com about his experience running I4U.
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