HONG KONG (Reuters) - Huawei Technologies Co Ltd [HWT.UL], one of the world's largest telecoms equipment makers, on Monday posted a 40 percent rise in first-half sales revenue and said it would "maintain current momentum" this year.
Sales revenue reached 245.5 billion yuan ($36.8 billion) in the first six months of 2016, the company said in a statement. Operating margin fell to 12 percent from 18 percent in the previous half-year, it said.
The Shenzhen-based private company, which competes with Sweden's Ericsson <ERICb.ST> for the top spot in the global market for telecoms equipment, did not elaborate in its brief statement.
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"We are confident that Huawei will maintain its current momentum, and round out the full year in a positive financial position backed by sound ongoing operations," Chief Financial Officer Sabrina Meng said in the statement.
"We achieved steady growth across all three of our business groups, thanks to a well-balanced global presence," Meng said, referring to the company's telecom, consumer device and enterprise business segments.
The company earlier this year set a revenue target of $75 billion for 2016.
Last year, Huawei reported a 30 percent rise in first-half revenue.
(Reporting by Yimou Lee; Editing by Christopher Cushing)