Huawei Technology Vilnius, owned by China’s telecommunications giant Huawei, generated revenue of 22.021 million euros last year, up by 79.8 per cent from 12.247 million euros in 2014.
The company’s net profit declined by 42.3 per cent to 214,900 euros in 2015 year-on-year, Huawei Technology Vilnius said in a report filed to the Centre of Registers.
“The increase of sales was mainly due to higher sales of products for consumers,” reads the annual report.
Dutch-registered Huawei Technologies is the only shareholder of the Lithuanian company....
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