Huawei Technologies posts 23% first-half revenue growth amid US sanctions
HONG KONG/SHANGHAI: China's Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2per cent: faster than a year ago: despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.
It has since been given a 3-month reprieve till August 19, and U.S. President Trump signaled Washington would be relaxing the sanctions on Huawei, though details are unknown. "Revenue grew fast up through May," Huawei Chairman Liang Hua told reporters at an earnings briefing."Given the foundation we laid in the first half of the year, we continue to see growth even after we were added to the entity list. That's not to say we don't have difficulties ahead. We do, and they may affect the pace of our growth in the short term."
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