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April 2, 2016

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Huawei’s profit rises

HUAWEI Technologies’ net profit in 2015 jumped 33 percent from a year ago as China’s biggest telecommunications equipment maker rode on the popularity of 4G networks globally and tapped booming smartphone sales.

Huawei posted net earnings of 36.9 billion yuan (US$5.7 billion) last year, it said yesterday. Its revenue surged 37 percent year on year to 395 billion yuan.




 

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