Chinese technology business Huawei has released financial results for 2012. Sales revenue was up almost 8% to 220.19 billion Chinese yen (£23.2 billion), while net profit was up 32% to 15.38 billion yen (£1.6 billion).
The company’s Carrier Network business group saw sales up 6.7% year-on-year, while the Enterprise business group had a 25.8% sales increase and the Consumer business group’s sales revenue was up 8.4%.