Huawei profit stays flat, revenue growth slows
China Daily | Updated: 2017-04-01 07:55
HONG KONG - Chinese telecom equipment and smartphone maker Huawei Technologies Co Ltd said on Friday that its net profit edged up just 0.4 percent last year, its slowest annual growth since 2011.
Huawei - the world's No 3 smartphone maker behind Apple Inc and Samsung Electronics Co Ltd - said net profit rose to 37.1 billion yuan ($5.3 billion) in 2016.
The company's global revenue climbed 32 percent to 521.6 billion yuan, slightly slower than the 35 percent growth a year earlier.
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