China’s Huawei has announced its performance for the first half of 2012 with sale revenue of CNY102.7 billion (about $16 billion), an increase of 5.1% over the first half of 2011. Operating profit was CNY8.79 billion with the operating margin at 8.6%, an increase of 20.3% against 2011. The company now deploy 38 of the 80 commercial LTE networks launched worldwide and LTE services now support 200 million people.
“In 2012, Huawei outlined our new pipe strategy and we will focus even further on this approach moving forward to ensure more effective growth and greater efficiency to drive continued improvements in operating performance,” said Ms. Meng Wanzhou, Chief Financial Officer of Huawei. “We are relatively optimistic about our operating performance and profitability for the remainder of 2012.”
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