360° Coverage : Huawei's 2012 net profits rise

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Huawei's 2012 net profits rise
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Huawei's 2012 net profits rise

Jan 22 2013, 1:40am CST | by

Beijing, Jan 22 (IANS) Chinese telecom equipment maker Huawei pocketed 15.4 billion yuan ($2.44 billion) in net profits in 2012, up 33 percent year-on-year.

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. It reported 220.2 billion yuan in sales...

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1 year ago

Huawei's 2012 net profits rise

Jan 22 2013, 1:40am CST | by

Beijing, Jan 22 (IANS) Chinese telecom equipment maker Huawei pocketed 15.4 billion yuan ($2.44 billion) in net profits in 2012, up 33 percent year-on-year.

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.

It reported 220.2 billion yuan in sales revenue, up 8 percent year-on-year, said Cathy Meng, chief financial officer and daughter of company founder Ren Zhengfei, Monday.

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.

The company has vowed to boost transparency regarding its performance.

IANS

Source: IANS

 
Update
11

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Update
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9 hours ago

Big protests are coming to Hong Kong

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Source: Fortune   Full article at: Fortune
 

 
Update
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Pro-democracy protesters in Hong Kong said police used pepper spray against demonstrators outside a news conference given by a top Chinese official on Beijing's decision on h ...
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Update
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10 hours ago

Li heckled by protesters

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Source: The Standard: China's Business Newspaper   Full article at: The Standard: China's Business Newspaper
 

 
Update
4

11 hours ago

China's final HSBC PMI falls to 3-month low in August

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BEIJING (Reuters) - Growth in China's large factory sector slipped to a three-month low in August as foreign and domestic demand cooled, a private survey showed on Monday, raising concerns that the economy is falt ...
Source: Reuters India   Full article at: Reuters India
 

 
Update
3

13 hours ago

Here Comes HSBC's China Manufacturing PMI...

Aug 31 2014 8:15pm CDT | Source: Business Insider

HSBC's China manufacturing PMI report for August is set to be released at 9:45 pm ET.  Expectations are for the reading to come in at 50.3, unchanged from the "flash" reading reported earlier this month.  A reading above 50 indicates expansion in the economy, while a reading under 50 would indicate contraction.  HSBC's manufacturing reading on China also follows official data released by China's National Bureau of ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
2

15 hours ago

China's Political Intransigence Rocks Hong Kong

Aug 31 2014 5:32pm CDT | Source: Forbes Real Time

Beijing stands firm against demands for electoral liberalization in the embattled city. ...
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Update
1

21 hours ago

The Wall Street Journal: Beijing rules out open election in Hong Kong

Aug 31 2014 11:20am CDT | Source: MarketWatch

China’s government declares that candidates for Hong Kong’s top post must be prescreened, effectively barring anyone unacceptable to Beijing from runni ...
Source: MarketWatch   Full article at: MarketWatch
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
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 ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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