China's Huawei expects profit jump after reporting drop in 2011 Posted: 04-Jan-2013 [Source: Reuters] [Huawei reports 2012 net profit expected to be around $2.4 billion, an increase of 29 percent from 2011.] By Lee Chyen Yee, Hong Kong (Reuters) -- "China's Huawei Technologies Co Ltd, the world's No.2 telecom equipment maker, expects a 2012 profit gain after reporting a sharp drop a year ago, thanks to new projects and increased sales in high-end mobile phone markets such as Japan." More...
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