[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."

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