Huawei's First-Quarter Profits Boosted 56% Year-On-Year

Huawei's First-Quarter Profits Boosted 56% Year-On-Year

Bilyonaryo Business News

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. Revenue during the period also rose 36.7 percent year-on-year to reach $24.7 billion, the filing showed. It did not break down profits by sector.

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