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China Huawei's H1 revenue rises 15%, slowest in four years

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China's Huawei Technologies, one of the world's largest telecom equipment makers, posted on Thursday a 15 per cent rise in first-half revenue, the slowest growth for the period in four years.

[HONG KONG] China's Huawei Technologies, one of the world's largest telecom equipment makers, posted on Thursday a 15 per cent rise in first-half revenue, the slowest growth for the period in four years.

Revenue grew to 283.1 billion yuan (S$57.127 billion) in the first six months of 2017 from 245.5 billion yuan a year ago, Huawei, which vies with Sweden's Ericsson for the top spot globally, said in a statement.

The company's operating margin fell to 11 per cent from 12 per cent a year ago.

Huawei does not release half-year profits.

REUTERS

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