Huawei revenues increase 5.1 per cent
- 25 July, 2012 09:53
Huawei revenues have increased 5.1 per cent for the first half of 2012 to CNY102.7 billion (A$15.7 billion), according to the company.
Operating profit was CNY8.79 billion (A$1.3 billion), with the operating margin at 8.6 per cent, an increase of 20.3 per cent in H2 of 2011. However, the result is a fall of 22.0 per cent from H1 in 2011.
"In 2012, Huawei outlined our new pipe strategy and we will focus even further on this approach moving forward to ensure more effective growth and greater efficiency to drive continued improvements in operating performance," said Meng Wanzhou, chief financial officer of Huawei.
"We are relatively optimistic about our operating performance and profitability for the remainder of 2012."
However, the Chinese company has come under fire in several countries. In Australia, it was banned from supplying equipment to the National Broadband Network due to concerns about cyber attacks originating in China.
Meanwhile, the US recently put forward concerns about the company’s potential risk to the country’s national security, calling on Huawei to explain its connection to the Chinese government.
Ren Zhengfei, Huawei’s founder, looked to quell concerns about the company recently, stating the global community needs to co-operate to improve data protection.
"Cyber security is a common issue that the whole industry has to face," Ren said at the St Petersburg International Economic Forum. "We must join hands to proactively address this issue."
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