Huawei is coining it in

cashHuawei might be banned from the US and treated with suspicion in some parts of the EU, but the outfit is coining it in.

It posted a 30 percent increase in first-half revenue to $28.3 billion and said it would achieve “effective growth” in 2015.

The company mostly competes with Sweden’s Ericsson, which is also doing well, selling communications towers and other infrastructure.

It said that it had an operating margin of 18 percent in the first six months of 2015, compared with 18.3 percent in the previous half-year.

Huawei CFO Meng Wanzhou said that Huawei achieved stable and healthy growth in all of its three business segments.

“We are confident that we will maintain effective growth and steady and healthy development in all business segments in 2015,” he said.

The last time we saw health segments like this was when we opened a Terry’s chocolate orange, but that is neither here nor there.

Huawei earlier this year set a target of 20 percent growth in global revenue for 2015.

Last year, Huawei reported a 19 percent rise in its first-half revenue. The company reported an operating margin of 11.9 percent in 2014.

Huawei had targeted overall revenue of $70 billion by 2018, which translates as roughly 10 percent annual growth. It posted 21 percent revenue growth last year.