China's Huawei Technologies says 2014 revenue likely rose 20%

[BEIJING] Huawei Technologies Co Ltd's 2014 revenue was likely 287 billion yuan (US$46.29 billion) to 289 billion yuan, an increase of roughly 20 per cent from a year earlier, the company said on Tuesday in its unaudited results.

Operating profit last year likely reached 33.9 billion yuan to 34.3 billion yuan, up 17 per cent from 2013, Huawei said. Operating profit margin was likely flat at 12 per cent.

China's leading communication technology company has been challenging Sweden's Ericsson for the top spot in the global telecommunications equipment market while undergoing a multi-year transition to expand into consumer devices and enterprise computing.

REUTERS