Huawei Revenue Increases 20% on Sales of Higher-End Smartphones

Huawei Technologies Co.’s revenue gained about 20 percent last year, aided by rising sales of higher-end smartphones.

Revenue increased to at least 287 billion yuan ($46.3 billion) from 239 billion yuan in 2013, Chief Financial Officer Cathy Meng said at a press conference in Beijing today. Operating profit from what Huawei described as its main business increased 18 percent to between 33.9 billion yuan and 34.3 billion yuan. Officials of the closely held company declined to provide more details before the upcoming release of audited financial statements.