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

 
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China manufacturing growth unchanged in September

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Beijing (AFP) - Chinese manufacturing growth stalled in September, authorities said Wednesday, as the world's second-largest economy continues to grapple with ways to address slowing expansion.The official purchasing managers index (PMI) came in at 51.5 in September, the National Bureau of Statistics said in a statement.The figure was unchanged from August and slightly above the 50.2 figure given ...
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Hong Kong protests hit China's National Day: Live Report

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Hong Kong (AFP) - 23:32 GMT - Flag raising ceremony - The focus for many protesters this morning is a flag raising ceremony in the Wanchai district where a number of senior city officials are expected to attend as part of the National Day celebrations.Hundreds of demonstrators are already converging on the area, trying to make their way into Golden Bauhinia Square where the ceremony takes place.The annual ceremony is often targeted by pro- ...
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Nadal returns in style, Djokovic wins in China

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BEIJING Rafael Nadal made an emphatic return to singles competition Tuesday after being sidelined for three months, sweeping aside Richard Gasquet of France in the $5.4 million China Open. The 14-times Grand Slam winner won his first round match in Beijing 6-4, 6-0, overcoming sporadic resistance in the first set before crushing his 2 ...
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China calls Hong Kong protests ‘illegal’

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BEIJING - China on Tuesday called major pro-democracy demonstrations in Hong Kong ‘illegal’, as state media insisted Beijing would not give in but would wait for public opinion to turn against the protests. Tens of thousands in the global financial hub have been vowing not to end their street blockades until Beijing authorities grant them fully ...
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Hong Kong protest leaders gear up for massive holiday rallies amid fears of fresh clashes with police

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HONG KONG — Tens of thousands of pro-democracy protesters continued to pour into Hong Kong’s financial and shopping districts Tuesday night after days of unrest and uncertainty, with organizers calling for louder demonstrations and disruptions of a national holiday on Wednesday, and amidst fears that further actions will lead to more clashes with police. What began two weeks ago as a student-led protest calling for immediate change to the way Hong Kong is governed has spread to ...
Source: National Post   Full article at: National Post
 

 
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BREMMER: 'We’re Likely To See Violence' If Hong Kong Protests Continue

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Pro-democracy protests in Hong Kong have entered their fourth day, and the situation is increasingly tense as demonstrators and global spectators expect a crackdown from authorities at some point. The student-led protests demand that Hong Kong Chief Executive Leung Chun-ying resign and that Beijing retract its decision to restrict the number of candidates in the the city’s 2017 chief executive poll to candidates approved by a pro-B ...
Source: Business Insider   Full article at: Business Insider
 

 

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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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