Chinese smartphone company Huawei grows profit 33 percent

March 31, 2015 3:52 AM

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China’s Huawei Technologies Co. said on Tuesday that its net profit rose 33% in 2014, propelled by strong revenue growth and foreign exchange gains.

Huawei is one of China’s most important smartphone manufacturers, in addition to one of the world’s key providers of telecommunications equipment for network operators. The company said today that its 2014 net profit rose 27.9 billion yuan ($4.5 billion) from 21 billion yuan the previous year.

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