The Chinese telecommunications giant alluded to the “extremely challenging business environment” but a hike in margins and the sale of two businesses helped profits rise
Concerns had been raised about supposed links between Huawei and the Chinese state, which the company denies. These fears had earlier prompted the US to launch sanctions against the company in May 2019 under President Donald Trump, which were a particular blow to the firm’s mobile phone business.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China’s Huawei reports sales fall amid US sanctions but profits hit recordTop boss Meng Wanzhou makes first public appearance since her release from custody in Canada last year
Read more »
Ukraine war: Chernobyl’s vodka producer remains defiantA company that produces Chernobyl’s ‘Atomik vodka’ releases new products, donating profits to Ukraine's refugees.
Read more »
Sweet dreams are made of Eurythmics’ former Riviera home for saleOne of Annie Lennox and Dave Stewart’s former homes near Cannes has been listed for sale.
Read more »
Here are the best UK music festivals happening in 2022Here are the best UK music festivals happening in 2022 👇
Read more »