Huawei has posted its unaudited financial and operational results for the first half of 2013.

For the period under review, the company has posted sales revenue of CNY113.8 billion registering a year-on-year increase of 10.8 per cent. Following its encouraging performance, going forward Huawei expects to generate a net profit margin of seven to eight per cent in 2013.

For the second half of the year, the company will be focusing on its pipe strategy, increasing investment in core growth areas for the business, and boosting efficiency through a series of operational and management reviews and improvements.

Commenting on the results, Cathy Meng, chief financial officer, Huawei, said, “Our success in H1 2013 was mainly driven by the steady growth of the Carrier Network business, the expansion of the enterprise business, and the fast growth of the consumer business, as well as the continuous enhancement of our overall operational efficiency. Revenues and profit are in line with our expectations.”

Meng, adds, “From these positive indicators, we believe Huawei will generate strong performance and profit margins in the second half of this year and are confident that we will achieve our goal to increase revenue by 10 per cent.”