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Huawei posts 3.2 percent rise in profit in 2020

By David Kirton

Apr 1 2021 11:56AM

As revenues decline from outside of China.

Huawei posts 3.2 percent rise in profit in 2020

Huawei Technologies reported modest annual profit growth for 2020 as overseas revenues declined due to disruption caused by the pandemic and the company's placement on a US export blacklist. Net profit for 2020 came in at 64.6 billion yuan (A$12.9 billion), up 3.2 percent, compared to ...

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