Huawei Announces 2020 H1 Business Results
Umer Jamshaid Published July 14, 2020 | 04:39 PM
Huawei announced its business results for the first half of 2020 today
Islamabad (UrduPoint / Pakistan Point News - 14th Jul, 2020) Huawei announced its business results for the first half of 2020 today. The company generated CNY454 billion in revenue during this period, a 13.1% increase year-on-year, with a net profit margin of 9.2%.[1] Huawei's carrier, enterprise, and consumer businesses achieved CNY159.6 billion, CNY36.3 billion, and CNY255.8 billion in revenue, respectively.
As countries around the globe are grappling with the COVID-19 pandemic, information and communications technologies (ICT) have become not only a crucial tool for combatting the virus, but also an engine for economic recovery.
Huawei reiterated its commitment to working with carriers and industry partners to maintain stable network operations, accelerate digital transformation, and support efforts to contain local outbreaks and reopen local economies.
The complex external environment makes open collaboration and trust in global value chains more important than ever. Huawei has promised to continue fulfilling its obligations to customers and suppliers, and to survive, forge ahead, and contribute to the global digital economy and technological development, no matter what future challenges the company faces.
Recent Stories
Nawaz Sharif to visit Guangzhou exhibition in China
FM Dar not traveling to China: Foreign Office
PM takes notice of deliberate delay in tax cases
Iranian President visits Allama Iqbal’s mausoleum
Iranian President arrives in Lahore today
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 23 April 2024
Today Gold Rate in Pakistan 23 April 2024
Islam enlightened world with its teachings about knowledge: Dr Jamileh
Record London close as oil prices drop on easing Middle East fears
TV tower in Kharkiv struck as Russia captured village
LCCI language courses from May 1
Governor for service oriented governance in Punjab
More Stories From Technology
-
Pro Tips: How to Capture Stunning Portraits with the Aura Light Portrait of vivo V30 5G
1 day ago -
Itel celebrates launch of S24—a new brand identity
2 days ago -
Realme C53 Price Slash: High-Tech Meets High Style at New Low Price!
3 days ago -
Take Charge, Live Free: Empower Your Life with Infinix NOTE 40 Series
5 days ago -
PTA Undertakes Consultation with All Pakistan Network Association (APNA) on Proposed Class Value Add ..
5 days ago -
Vivo V30 5G: The Perfect Blend of Enhanced Photography and Premium Design
6 days ago
-
PITB's Regional Plan 9 invites applications for its newly launched incubation centers in Rawalpindi, ..
7 days ago -
Pakistan calls for enhanced information integrity on digital platforms
7 days ago -
Infinix NOTE 40 Series vs. the Competition: Why It Stands Out
8 days ago -
"Unlock Exceptional Value: The New realme Note 50 with Extended Warranty Now Available in Pakistan!� ..
8 days ago -
Google unveils new AI chips, arm-based processor for data centers
14 days ago -
Italy considers stricter penalties for AI-related crimes
14 days ago