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Huawei logs $45B revenues in H1

Huawei logs $45B revenues in H1

Arab Finance: China-based Huawei has achieved revenues of CNY301.6 billion ($45 billion) in the first half (H1) of 2022, according to an emailed press release on August 16th.

Moreover, the leading global provider of information and communications technology (ICT) has recorded a net profit margin of 5% for the same period.

The group revealed that the Carrier BG contributed CNY142.7 billion ($21.3 billion), while the Enterprise BG and the Device BG CNY54.7 billion ($8.1 billion) and CNY101.3 billion ($15.1 billion), respectively.

"While our device business was heavily impacted, our ICT infrastructure business maintained steady growth," Huawei's Rotating Chairman Ken Hu said.

"Moving forward, we will harness trends in digitalization and decarbonization to keep creating value for our customers and partners, and secure quality development," Hu added.

Founded in 1987, Huawei is a leading global provider of ICT infrastructure and smart devices that has a presence in more than 170 countries and regions, serving more than three billion people around the world.

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