China's Huawei Technologies Ltd., the world's biggest maker of telecommunications equipment, said Tuesday profit growth slowed last year while sales accelerated. Profit is forecast to rise about 17 percent over 2013 to 33.9 to 34.3 billion yuan ($5.5 to $5.6 billion), the company's chief financial officer, Cathy Meng, told reporters. Final audited results are due out in March. That growth would be a decline from 2013's 40.5 percent. But Meng said it was "not appropriate" to compare those figures because Huawei's focus is on sales growth and investing in promising businesses. Sales were forecast to rise 20 percent compared with 2013 to 287 to 289 billion yuan ($47 to $47.4 billion), according to Meng, more than double the previous year's growth of 8.5 percent.
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