China Huawei's first half revenue rises 15 percent, slowest in four year

China's Huawei Technologies Co Ltd, one of the world's largest telecom equipment makers, posted on Thursday a 15 percent rise in first-half revenue, the slowest growth for the period in four years.

Revenue grew to 283.1 billion yuan ($42.03 billion) in the first six months of 2017 from 245.5 billion yuan a year ago, Huawei, which vies with Sweden's Ericsson for the top spot globally, said in a statement.

The company's operating margin fell to 11 percent from 12 percent a year ago.

Huawei does not release half-year profits.

(REUTERS)