RISING STAR: Huawei competes with Sweden's Ericsson for the top spot in the market for communications towers and other infrastructure, while racing to develop 5G technology.
BEIJING: Huawei Technologies Co Ltd likely booked a 17% increase in operating profit last year, as worldwide adoption of fourth-generation (4G) mobile technology boosted earnings at China's leading telecommunications equipment maker.
Profit likely reached 33.9bil yuan (RM19.41bil) to 34.3bil yuan (RM19.64bil) in 2014, on a roughly 20% increase in revenue at 287bil yuan (RM164.33bil) to 289bil yuan (RM165.48bil), the company said in unaudited results.
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