Huawei increased profit
The profit of Chinese company Huawei Technologies in 2019 increased by 5.6%, according to March 31, Bloomberg. Last year's profit was 62.7 billion yuan, or $8.83 billion. Total revenue $123 billion. In 2018, Huawei Technologies 'profit was 59.3 billion yuan, and total revenue was 20% lower than in 2019. However, the company notes, the rate of profit growth has not increased, compared to previous years. This is because of American sanctions. As noted in the company, this trend may be exacerbated both by American actions and by the pandemic. As previously reported by the news agency, Huawei Technologies said that it increased purchases of American technologies in 2019. The company does not intend to refuse to cooperate with the United States despite U.S. sanctions. ...