Huawei posts over fivefold rise in Q1 profits

By Agence France-Presse

May 01, 2024 12:10 am

Net profit in the January-March period amounted to $2.7 billion, up 564 percent from the first quarter of last year, according to a results filing by Huawei's holding company on an official website and confirmed by a representative of the firm.

Revenue during the period also rose 36.7 percent year on year to reach $24.7 billion, the filing showed.

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