BEIJING: Chinese telecoms giant Huawei on Friday announced moderate sales growth for the first nine months of 2023, building on a recovery after its business was hit hard by US sanctions and the pandemic.

The firm said revenue hit 456.6 billion yuan ($62.4 billion) during the period, a rise of 2.4 percent on-year, while its net profit margin came in at 16.0 percent, the statement added.

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