Huawei revenues up 10.8pc in first six months of 2013

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Manufacturer expects net profit margin of 7-8 per cent this year

Huawei is on track to achieve its 10 per cent yearly revenue increase goal after posting a 10.8 per cent increase for the first half of the year.

The Chinese manufacturer posted its financial results for January to June, revealing that it had generated revenues of $18.54 billion (£12.07 billion).

Huawei said that based on “robust growth and other positive business indicators”, it expects to achieve a net profit margin of 7-8 per cent in 2013.

Huawei chief financial officer Cathy Meng commented: “Our success in H1 2013 was mainly driven by the steady growth of the carrier network business, the expansion of the enterprise business, and the fast growth of the consumer business, as well as the continuous enhancement of our overall operational efficiency. Revenues and profit are in line with our expectations.”

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