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    China Daily Website

    Huawei expects net profit to increase 30% in 2012

    Updated: 2013-01-07 15:54
    By Li Jiabao ( chinadaily.com.cn)

    Huawei, China's largest maker of telecom equipment, expects a net profit of $2.4 billion in 2012, up about 30 percent from a year earlier, Guo Ping, acting chief executive of the company, said in a New Year message.

    He added that the company's income in 2012 will exceed $35 billion, up more than 10 percent year-on-year. In 2011, the company's income rose 11.7 percent year-on-year to $32 billion.

    Guo attributed the profit increase to the sales surge of high-end cell phones in developed markets such as Japan.

    Huawei is not listed but is publishing more financial data to increase transparency.

     
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