Huawei revenue growth slows sharply in Q1

The figures released by unlisted Huawei are among the first by a major Chinese corporation to provide a glimpse of the scale of the business impact from the pandemic, which emerged in China in December before spreading globally.

January-March revenue came in at 182.2 billion yuan ($25.8 billion), a year-on-year increase of 1.4 percent, compared with growth of 39 percent reported during the same period in 2019, the company said in a statement.

The first-quarter net profit margin came in at 7.3 percent, compared to around eight percent last year.

Copyright Agence France-Presse, 2020

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