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China's Huawei posts flat 2016 profit, revenue growth slows

China's Huawei posts flat 2016 profit, revenue growth slows

Friday, March 31, 2017, 3:21 PM

Chinese telecom equipment and smartphone maker Huawei Technologies Co Ltd said that net profit edged up just 0.4% last year, its slowest annual growth since 2011. Huawei, the world's No. 3 smartphone maker said net profit rose to 37.1 billion yuan ($5.3 billion). Global revenue climbed 32% to 521.6 billion yuan, slightly slower than 35% growth a year earlier.
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