SHENZHEN's huawei Technologies maintained revenue growth momentum in the first three quarters of 2023, on the back of strong sales of its Mate 60 series 5G smartphones as the company continues to defy the impact of US sanctions, reports the South China Morning Post.
On Friday, the company said its revenue from January to September reached CNY456.6 billion (US$62.4 billion), up 2.4 per cent year on year. However, revenue growth was slower than the 3.1 per cent increase in the first half.
Net profit margin in the first nine months was 16 per cent as Huawei recorded partial gains from the sale of businesses and improved efficiency, a slight improvement from the 15 per cent in the first half, according to the company.
Huawei said the performance was in line with forecasts. While the company is privately held, it voluntarily discloses key financial data on a regular basis.
SeaNews Turkey
On Friday, the company said its revenue from January to September reached CNY456.6 billion (US$62.4 billion), up 2.4 per cent year on year. However, revenue growth was slower than the 3.1 per cent increase in the first half.
Net profit margin in the first nine months was 16 per cent as Huawei recorded partial gains from the sale of businesses and improved efficiency, a slight improvement from the 15 per cent in the first half, according to the company.
Huawei said the performance was in line with forecasts. While the company is privately held, it voluntarily discloses key financial data on a regular basis.
SeaNews Turkey
