Huawei announces their 2012 financial year, $2.4 USD billion net profit

by Rosgani 0


Huawei, provider of information technology solutions and telecommunication based in China, has just announced its 2012 financial performance.
Cathy Meng, Chief Financial Officer (CFO) Huawei, said the company has achieved success effective growth in 2012 with a focus on customer needs, after finish performance management, and improve efficiency. Cathy believes the prospects for the future development of the industry.

Huawei to get the global sales in 2012 reached USD 35.3 billion, an increase of 8% per year, with a net profit of USD 2.4 billion, an increase of 33% from the previous year.

Huawei earnings announcement is part of Huawei’s unwavering commitment to the status as a private company wholly owned by its employees, to more openly and clearly with stakeholders. The results of the audit by KPMG Financial Statements 2012 are described in the company’s annual report, to be issued in April 2013.

Cathy explained that Huawei’s success in 2012 can be used to maximize the value of the service for customers. “We tightened expenses General and Administrative Expenses (General & Administrative), providing more sources of income to support front-line improvement, and to ensure continued progress on service quality and customer satisfaction,” said Cathy. “In addition, Huawei continues to carry out the transformation of management, improving efficient performance combined with a program of integrated financial services.”

Continuous innovation to customer needs also to be an important driver for the development of Huawei. Overall, Huawei has invested USD 19.3 billion for the development of R&D divisions within a period of more than 10 years, including the capital investment of USD 4.8 billion in 2012, consuming more than 13% of revenues for the year.