Huawei revenue up

SHANGHAI: Chinese telecoms equipment giant Huawei said on Monday that revenue surged 40 per cent year-on-year in the first half of 2016, boosted by steady growth in smartphone sales. Total sales revenue reached 245.5 billion yuan in January to June, audited results released in a company statement showed. The company did not provide a breakdown of the figures. Huawei is one of the largest providers of network infrastructure globally, but its consumer products are less well-known outside of China. Its consumer business, including smartphone sales, has strongly supported the firm’s performance, soaring 73 per cent to 129.1 billion yuan last year.