Huawei reports profit increase

Comment on this story
Huawei1234 The logo for Chinese phone maker Huawei hangs above their booth on the first day of the Consumer Electronics Show (CES) in Las Vegas.

Beijing - Chinese tech giant Huawei has reported details of its 2012 financial performance as part of efforts to increase transparency and allay Western concerns the network equipment supplier might be a security risk.

The company's CFO, Cathy Meng, said at a news conference Monday annual profit rose 33 percent to 15.4 billion yuan ($2.4 billion). She said the event was the first of its kind and part of an effort to “honour our commitment to transparency.”

Privately owned Huawei has increased disclosures about its operations as it tries to allay security concerns in the United States, Australia and elsewhere that have hampered sales there. The company has denied suggestions it is controlled by the communist Beijing government and issued a pledge last year not to cooperate with spying. - Sapa-AP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.