Huawei, the world’s second-largest telecoms equipment maker, on Wednesday reported a jump in its profit margins for 2009 as it outgrew rivals with a boost in its China home market.
Net profit for 2009 was Rmb18.3bn ($2.7bn), up 133 per cent from a year earlier, mainly from foreign exchange gains, the company said. Without the forex factor, net earnings rose 26 per cent on a 19 per cent increase in revenue.
To read this report in The Financial Times in full, see: www.ft.com/cms/s/0/89a6275e-3cdc-11df-bbcf-00144feabdc0.html
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