Wednesday, February 09, 2005

Huawei China's leading telecom equipment maker aggressively moves into international markets - profits jump.

From Financial Times: Huawei profits jump on strong orders

"Huawei Technologies, China's leading telecommunications equipment maker, recorded a 22 per cent increase in net profits last year to US$470m as orders rose sharply. The jump in earnings, disclosed in unaudited figures provided to the Financial Times, came on the back of a 46 per cent rise in orders to US$5.58bn."

"The increase in profitability comes as Huawei, widely considered one of China's best hopes for creating a global company, moves aggressively into international markets." Read more

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