Friday, May 24, 2024
Focus on the big picture

Huawei profit slumps as costs soar

Reuters, 31 Mar 2023
Huawei's net profit slumped last year as it grappled with rising material costs and booted research, but the tech conglomerate said it was ‘out of crisis mode’ and making progress in replacing components affected by US sanctions.

#Huawei #News #Reuters #newsfeed #earnings


Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled.

Get the latest news on:
Follow Reuters on Facebook:
Follow Reuters on Twitter:
Follow Reuters on Instagram:
Related Articles