Huawei's revenues up 2.4% in first 9 months of year

By Emre Gurkan Abay

MOSCOW (AA) - Chinese technology company Huawei's revenue rose 2.4% in the first nine months of the year compared to the same period in 2022, hitting 456.6 billion yuan (some $62.3 billion).

In a Friday press release on the first three quarters of this year, Huawei said its net profit margin was at 16%.

Ken Hu, the rotating chair of Huawei, said the company performed in line with expectations, adding that it will continue to step up R&D investments.

*Writing by Gokhan Ergocun from Istanbul