China's Huawei posts flat 2016 profit, revenue growth slows

HONG KONG, March 31 (Reuters) - Chinese telecom equipment

and smartphone maker Huawei Technologies Co Ltd said on

Friday that net profit edged up just 0.4 percent last year, its

slowest annual growth since 2011.

Huawei, the world's No. 3 smartphone maker behind Apple Inc

and Samsung Electronics Co Ltd, said net

profit rose to 37.1 billion yuan ($5.3 billion)

Global revenue climbed 32 percent to 521.6 billion yuan,

slightly slower than 35 percent growth a year earlier.

Revenue from its consumer business group rose 44 percent to

179.8 billion yuan ($25.9 billion), lagging the company's own

forecast of $30 billion made a year ago. It shipped 139 million

phones last year.

Revenue from its carrier business rose 24 percent to 290.6

billion yuan.

(Reporting by Sijia Jiang; Editing by Anne Marie Roantree and

Edwina Gibbs)