Huawei profit up, growth slow amid restrictions

China-based technology firm Huawei Technologies posted higher profit and revenues last year despite the challenges posted by the pandemic and the restrictions by the United States.

In the company’s virtual annual report on Wednesday, Huawei Rotating Chairman Ken Hu reported a 3.2-percent year-on-year increase in the company’s net profit to CNY 64.6 billion (around P478 billion).