Sunday, July 19, 2015

Huawei's first-half revenues up 30 percent year-on-year at $28 billion

Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecoms equipment makers, said on Monday its first-half sales revenue rose 30 percent year-on-year to 175.9 billion yuan ($28.3 billion) thanks to its consumer and telecom businesses. Huawei expects to generate an operating margin of 18 percent in the first six months of 2015, the Shenzhen-based company said in a statement. (Reporting By Yimou Lee; Editing by Stephen Coates)

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