Huawei profit sinks in 2022 amid sanctions but sales higher

Huawei profit sinks in 2022 amid sanctions, but sales higher

Huawei on Friday reported a nearly 70 percent decline in profit last year amid sanctions and pandemic challenges, but its enterprise sales rose as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerabilities to U.S. sanctions.

Huawei profit sinks in 2022 amid sanctions, but sales higher

By ZEN SOO Associated Press HONG KONG (AP) — Huawei has reported a nearly 70% fall in profit last year amid sanctions and pandemic challenges, but saw its enterprise sales rise as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerability to U.S. sanctions. Huawei says its annual revenue for 2022 rose nearly 1% from the previous year. Its net profit plunged 68% from 2021 amid pressures from the pandemic, U.…

Huawei’s profit sinks in 2022 amid sanctions, but sales higher

Huawei said Friday that its annual revenue for 2022 reached US$93.5-billion, a 0.9% gain from the year before

Sino Huawei “Net profit fell 69% last year... the impact of the pandemic, US sanctions, etc.”

(Beijing=Yonhap News) Correspondent Cho Jun-hyung = China's giant telecommunications equipment company Huawei's net profit in 2022 was about as compared to the previous year amid the impact of high-intensity US sanctions...

China's Huawei says 'out of crisis' mode as revenue edges up

By David Kirton SHENZHEN, China (Reuters) -China's Huawei Technologies Co Ltd said it was "out of crisis mode" as it posted a small increase in annual revenue, adding it was making headway with replacing components

Huawei reports huge drop in profits as US sanctions bite

Huawei's profits fell almost 69 percent last year, the company said Friday, as US sanctions and international economic uncertainty bit into the Chinese tech giant's earnings.