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Xiaomi grows FY revenues 53% on expansion abroad, new products

2019-03-19 13:26:00| Telecompaper Headlines

(Telecompaper) Xiaomi announced revenues of CNY 174.9 billion for 2018, up 52.6 percent. The Chinese company benefited from its expansion abroad, with international revenues more than doubling to CNY 70 billion, as well as expansion into new product categories and services, such as smart TVs and speakers. Net profit for the year totaled CNY 13.5 billion, and adjusted net profit grew 59.5 percent to CNY 8.6 billion.

Tags: new products expansion revenues

 

China Telecom grows FY net profit 14% after mobile expansion

2019-03-19 09:45:00| Telecompaper Headlines

(Telecompaper) China Telecom reported net profit for 2018 up 13.9 percent to CNY 21.2 billion, supported by its strong growth in the mobile market. Revenues rose 3.0 percent to CNY 377.1 billion, and EBITDA increased 2.0 percent to CNY 104.2 billion, for a slight fall in the margin to 29.7 percent. 

Tags: net china mobile profit

 
 

Patisserie Valerie black hole grows to 94m

2019-03-15 21:49:02| BBC News | Business | UK Edition

The cafe chain's deficit is larger than first thought and may warrant further legal action, a report says.

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'Everything awesome' at Lego as it grows again

2019-02-27 17:10:29| BBC News | Business | UK Edition

The Danish toymaker set out plans to open 80 stores in China as growth rebounded from last year.

Tags: it awesome grows lego

 

Smart speaker household access grows to 13% of internet users

2019-02-20 11:00:02| Digital TV News

More than 13% of internet users surveyed across the Australia, Brazil, Canada, Germany, India, Japan, the United Kingdom and the United States had access to a smart speaker in their households in November 2018 according to IHS Markit (Nasdaq: INFO).

Tags: internet access users smart

 

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