Huawei posts 13.1% revenue growth amid pandemic, sanctions

Huawei posts 13.1% revenue growth amid pandemic, sanctions

4 years ago
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https://apnews.com/0f8ef345e98fadca80739f99a40d3da1

HONG KONG (AP) — Huawei Technologies reported Tuesday that its revenue grew 13.1% in the first half of the year compared with a year earlier, despite sanctions from the U.S and challenges from the coronavirus pandemic.

Revenue rose to 454 billion yuan ($64.9 billion) in January-June compared to 401.3 billion yuan during the same period last year. The company said its profit margin was 9.2%, compared to 8.7% last year.