Daily reviews

16.10.2019

Huawei’s revenue jumps nearly 25%

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The Chinese technology giant’s revenue grew 24.4% in the first three quarters of 2019 to $86 billion despite a US campaign to isolate the company globally.

The company’s nine-month revenue rose despite the US pressure

Stocks impacted: Dinglong Culture Co Ltd (002502)

Huawei's revenues increased to S$118 billion and its profit margin grew 8.7 per cent. The company has signed more than 60 commercial contracts for 5G telecom networks with leading global carriers. As a reminder, the technology giant was blacklisted from both the US market and buying crucial US components. But despite this pressure, the company managed to who decent results this year.

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