Huawei Technologies' first-quarter net profit surges 564% y/y-March 2024-www.financetom.com

Huawei Technologies' first-quarter net profit surges 564% y/y

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Huawei Technologies' first-quarter net profit surges 564% y/y

Apr 30, 2024 4:08 AM

BEIJING (Reuters) - Huawei Technologies posted a first-quarter net profit of 19.65 billion yuan ($2.71 billion) on revenue of 178.45 billion, a filing showed on Tuesday.

Its net profit surged by 564% while revenue advanced 36.7%, based on calculations comparing the data from its results a year earlier.

($1 = 7.2381 Chinese yuan renminbi)

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