China's Huawei Says First Half Profit Drops 52% As Demand Eeakens
KONTAN.CO.ID - SHENZHEN. Huawei Technologies said on Friday its first-half net profit more than halved as a difficult economy curtailed demand from customers, compounding woes brought by US technology restrictions.
Revenue dropped 5,9% year-on-year during the period to 301,6 billion yuan (US$ 44,73 billion), with a sharper decline during January-March.
