Beijing, Jul 26 (IANS): Riding on smartphone sales like its flagship H1 device, Chinese smartphone maker Huawei has posted a 40 per cent half-yearly profit.

"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," androidauthority.com quoted Sabrina Meng, Chief Financial Officer, Huawei, as saying.

Huawei's flagship products such as the P9, Mate 8, Honor V8 and MateBook have all won significant support from consumers around the world.

"Huawei has also become one of the most favoured brands in nearly 30 countries," added Meng.

H1 smartphone revenue is up 40 per cent over the same period last year despite a recent downturn.

While the company did not provide a per-division breakdown of the figures, it reported audited sales revenue across its three core businesses of $36.7 billion, the report noted.

Although the reception of the Huawei P9 might not have been as strong as the company would have liked, the upcoming Mate S2 and Mate 9 (expected at IFA 2016 in Berlin in September) will likely set the flagship record straight, the report added.