Huawei Technologies' first-quarter net profit surges 564% y/y
FILE PHOTO: Customers shop at a Huawei's flagship store, as Huawei Pura 70 series models go on sale, in Beijing, China April 18, 2024. REUTERS/Tingshu Wang/File Photo
BEIJING : Huawei Technologies posted a first-quarter net profit of 19.65 billion yuan ($2.71 billion) on revenue of 178.45 billion, a filing showed on Tuesday.
Its net profit surged by 564 per cent while revenue advanced 36.7 per cent, based on calculations comparing the data from its results a year earlier.
($1 = 7.2381 Chinese yuan renminbi)
Source: Reuters
