BEIJING (Reuters) – China’s Huawei Technologies reported a 13.7% drop in nine-month net profit on Thursday despite a 29.6% rise in revenue.
Net profit for the January-September period fell to 62.9 billion yuan ($8.83 billion) from 72.9 billion yuan a year earlier on revenue that rose to 585.9 billion yuan from 452.3 billion yuan. , Chinese telecommunications giant and smartphone maker Shanghai Clearing House said in a statement, without going into details.
($1 = 7.1195 renminbi)
