Profits for Chinese tech behemoth Huawei rose 33 percent last year
January 22, 2013, 4:28 pm TWN
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 (US$2.4 billion). She said the event was the first of its kind and part of an effort to “honor our commitment to transparency.”