Huawei has announced its financial report for 2012 and the company has ended the year on a high note with its profits up by 33 percent. The company claims to have achieved the effective growth in 2012 by focusing on customers, streamlining management and improving efficiency.
The overall net profit is reported at CNY 15.4 billion won, which is a 33 percent increase from the previous year. Furthermore, the Chinese manufacturers expect their global sales revenues to reach CNY 220.2 billion, an 8 percent year-on-year increase.
More than 70 percent of Huawei's revenue was reportedly generated from serving leading telecommunications operators, including 45 of the world's top 50. However, Huawei's three business groups have contributed to its revenue with steady growth.
Huawei's carrier network business group has resulted in revenue of CNY 160.3 billion, while the consumer business group generated about 48.4 billion. Huawei's enterprise business group has developed its portfolio and has reportedly generated revenues worth CNY 11.5 billion.
Astonishingly, Huawei's overall revenue worth about 66 percent has been generated from outside of their home country of China, suggesting their global establishment. All in all, the firm seems to have bounced back from a disappointing 2011 and expects its overall revenue to grow by 10 to 12 percent by the end of 2013.
SourceSource : http://www.gsmarena.com/huawei_reveals_2012_financial_performance_profits_up_by_33_percent_-news-5380.php
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