Huawei profit jumps to $2.4b

Chinese telecommunications giant Huawei has posted a 33 per cent jump in profit in 2012.

The telecoms equipment maker made $2.4 billion in the period thanks to a strong performance in Europe and Japan.

Huawei says 66 per cent of its revenue comes from outside of China.

Security concerns about the company's links to the Chinese army led the Australian government to ban Huawei from tendering for the NBN contract in mid-2012.

Despite that setback, the Chinese telecom equipment company Huawei says revenues from its Australian operations grew by more than 50 per cent in 2012.

Huawei posted Australian revenue of $229 million in the previous year.

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