Huawei reports jump in 2019 profits despite US blacklist

TheStar Wed, Apr 01, 2020 12:30pm - 4 years View Original


China’s biggest tech company grew profit 5.6% after revenue expanded by almost a fifth to 859 billion yuan (US$123bil) in 2019.

HONG KONG: Huawei Technologies Co reported a healthy bump in revenue and earnings for 2019, in spite of a sustained effort from the United States to curtail its business on the global stage.

China’s biggest tech company grew profit 5.6% after revenue expanded by almost a fifth to 859 billion yuan (US$123bil) in 2019.

The rate of growth was roughly the same as the previous year’s, indicating that the prolonged scrutiny and sanctions from Washington failed to reverse the company’s upward momentum.

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Comments

keng ming roland choo
Like · Reply
We all the more will buy Huawei only.
Warren Buffett
Good luck investing in China. It's obvious people trust US more.
Like · 4 years · translate
keng ming roland choo
I am not investing in China. Good luck investing in US.
Like · 4 years · translate

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