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(Bloomberg) — Huawei Technologies Co.’s net profit surged 76% in 2021 despite deep revenue declines across its business, reflecting efforts to shave costs and…
Net profit jumped to 113.7 billion yuan ($17.8 billion) last year, despite a previously reported 29% slide in revenue to 636.8 billion yuan.
Last year, Huawei Technologies reported a 28.56 percent drop in revenue, owing to a steep drop in its smartphone sector.
Huawei Technologies Co is pushing to expand its collaboration with international telecom operators, insisting it will never retreat from overseas markets despite challenges.
Huawei Technologies Co is pushing to expand its collaboration with international telecom operators, insisting it will never retreat from overseas markets despite challenges.