BEIJING (AFP) – Huawei announced yesterday a 0.8-per-cent increase in revenue from the same period last year as the sanctions-battered firm reorients its business layout.
The Shenzhen-based telecoms giant posted total revenue of CNY132.1 billion (USD19.1 billion) for the January-March period. Huawei also announced that its net profit margin in the first quarter was 2.3 per cent, down from 4.3 per cent in the same period last year.
The firm said in the brief report that “overall operating results are in line with expectations”.
