Huawei sales recover from coronavirus downturn

Huawei sales recover from coronavirus downturn

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Telecom giant Huawei reported double-digit revenue growth for the first half of the year as it appeared to have recovered from a sales slump in its home country China after the coronavirus pandemic broke out.

The first-half revenue figure of 454 billion yuan ($64.9 billion) — up 13.1 per cent year-on-year — indicated a dramatic upturn in revenues for the second quarter, after first-quarter turnover hit just 182.2 billion yuan, a mere 1.4 percent rise year-on-year.

The slowdown in the first three months of 2020 was blamed by analysts to the virus fallout on business as well as US-led efforts to contain the company’s involvement in foreign telecom networks.

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