China’s Huawei Says First-Half Revenue Rises 15 Percent To $47.7 Billion - FbiCables Network | The News that Shapes World Opinion

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Tuesday, July 31, 2018

China’s Huawei Says First-Half Revenue Rises 15 Percent To $47.7 Billion


FILE PHOTO: The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province
FILE PHOTO: The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province, April 17, 2012. REUTERS/Tyrone Siu/File Photo
July 31, 2018
HONG KONG (Reuters) – China’s Huawei Technologies [HWT.UL], the world’s third-largest smartphone maker, said on Tuesday first-half revenue rose 15 percent, the same as last year and the slowest growth since 2013.
The Shenzhen-based company said revenue was 325.7 billion yuan ($47.7 billion), due to solid performance across its operations including smartphones, telecom equipment and enterprise services.
Operating margin in the period rose to 14 percent, from 11 percent a year ago.
Huawei does not release half-year results.

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