Monday, July 20, 2015

Chinese telecom giant’s sales increased by 30 percent – Business Week

During the first six months sold the telecom giant for 245 billion – an increase of 30 percent.

The Chinese telecommunications group Huawei’s sales amounted to 176 billion yuan in the first half – about 245 billion – which represents a rise of 30 percent compared with the same period last year. Operating margin was 18 percent. It is clear from a press release from the company.

“In the first half of 2015 reached the Huawei stable and healthy growth in all three segments,” the company’s chief financial officer Meng Wanzhou.

Huawei writes that business operations , which includes cloud and network services, experienced an accelerated growth during the review period.

“Our innovative products and solutions have laid a foundation for building strong competitiveness and become recognized by customers,” says Meng Wanzhou.

Regarding consumer operation writes Huawei to launch products well received by the market and the company believes that it has strengthened its position in the medium and premium segment.

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