Huawei revenue down more than 6 percent in first half of 2022: company data
- Economy
- AFP
- Published Date: 11:31 | 12 August 2022
- Modified Date: 11:31 | 12 August 2022
Chinese telecom giant Huawei made 301.6 billion yuan ($44.8 billion) in revenue in the first half of 2022, down 6.2 percent on the previous year as the Covid-19 pandemic and US-China trade rivalry hit sales, company figures showed Friday.
"While our device business was heavily impacted, our ICT infrastructure business maintained steady growth," Ken Hu, Huawei's rotating chairman, said in a statement.
OTHER ECONOMY NEWS
- US House of Representatives passes Inflation Reduction Act in narrow vote
- Berlin wants to reduce gas use by 2% with new regulations -officials
- India inflation eases more than expected, industrial output up more
- India says no pressure on it to limit energy purchases from Russia
- Major Chinese state-owned firms decide to delist from NYSE