March 31, 2017 / 4:38 AM / 5 months ago

China's Huawei says targeting seven percent profit margin

Visitors walk past Huawei's booth during Mobile World Congress in Barcelona, Spain, February 27, 2017.Eric Gaillard/Files

HONG KONG (Reuters) - Chinese telecom equipment and smartphone maker Huawei Technologies Co Ltd said on Friday it is targeting a net profit margin of 7 percent going forward, adding that its carrier business growth rate will slow in 2017.

Huawei Chief Executive Eric Xu was speaking on Friday after the company said that net profit edged up just 0.4 percent last year, its slowest annual growth since 2011.

Reporting by Sijia Jiang; Editing by Anne Marie Roantree

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