Wednesday, December 11, 2019

Huawei’s profits up in Q1 of 2019

Apr 22. 2019
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By The Nation

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Chinese ICT giant Huawei on Monday announced its business results for the first quarter of 2019 showing CNY179.7 billion (Bt852.7 billion) in revenue, an increase of 39 per cent year-on-year. 

The company’s net profit margin in the first quarter of this year was about 8 per cent, slightly higher than in the same period last year.

Huawei maintained its focus on ICT infrastructure and smart devices, and continued to boost the efficiency and quality of its operations, which helped to contribute to its solid performance in the first quarter. 

2019 will be a year of large-scale deployment of 5G around the world, meaning that Huawei's Carrier Business Group has unprecedented opportunities for growth. 

By the end of March 2019, Huawei had signed 40 commercial contracts for 5G with leading global carriers, and had shipped more than 70,000 5G base stations to markets around the world, according to the company’s press release.

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