Huawei posts record profit in 2020 despite mounting US pressure ...News

Russia Today - Economy
Huawei posts record profit in 2020 despite mounting US pressure
Chinese tech giant Huawei achieved a record profit last year despite pandemic headwinds and US blacklisting. However, those factors still took a toll on the pace of the company’s growth. Huawei’s net profit was up 3.2% and reached 64.6 billion yuan ($9.9 billion), the company said as it presented its 2020 financial results on Wednesday. Meanwhile, its revenue rose by 3.8% year-on-year to hit 891.4 billion yuan ($136.7 billion).  The annual revenue growth was modest compared to the previous year when it amounted to 19%. Year-on-year net profit growth was also slower compared to 5.6% a year earlier, and the contrast is even more staggeri

Hence then, the article about huawei posts record profit in 2020 despite mounting us pressure was published today ( ) and is available on Russia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Huawei posts record profit in 2020 despite mounting US pressure )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News