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Huawei sales up 23% in H1 despite US ban, smartphone shipments grow 24%

2019-07-30 10:38:00| Telecompaper Headlines

(Telecompaper) Huawei said its business remained robust in the first half of 2019, despite the US ban inflicted on the company in May. Revenues for the six months rose 23.2 percent to CNY 401.3 billion, suggesting a slowdown in Q2 after 39 percent growth reported for Q1. The company's net profit margin for H1 was 8.7 percent.

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