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    Business

    Huawei's revenue hits $48 bln in H1

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    2018-07-31 13:45:58chinadaily.com.cn Editor : Li Yan ECNS App Download

    Chinese telecom major Huawei Technologies Co Ltd maintained a steady growth in the first half of 2018, with its revenue reaching 325.7 billion yuan ($47.6 billion), despite the overall slowing momentum of the global telecom and smartphone market.

    Huawei said its revenue grew 15 percent year-on-year, maintaining the same expansion rate as the first six months of last year.

    Its operating profit margin stood at 14 percent, up 3 percentage points from a year ago.

    The Shenzhen-based private company did not disclose the specific figure for its net profit.

      

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