A visitor checks a mobile phone near the Huawei logo during the Mobile World Congress in Shanghai, China June 28, 2023.
REUTERS/Nicoco Chan/File PhotoSHENZHEN, China, Aug 11 (Reuters) - China's Huawei Technologies (HWT.UL) saw modest revenue growth in the first half of the year, with its core information and communications technology (ICT) infrastructure and consumer businesses generating the lion's share.
Revenues rose to 310.9 billion yuan ($43.01 billion), up 3.1% on the same period a year earlier, the Shenzhen-based technology giant announced on Friday.
Huawei's profit margin rose to 15%, with a net profit of 46.6 billion yuan, making, according to Reuters calculations, around a threefold improvement on a year earlier.
"In the first half of 2023, our ICT infrastructure business remained solid and our consumer business achieved growth," said Meng Wanzhou, Huawei's rotating chairperson and the daughter of its founder, Ren Zhengfei.
Persons:
Nicoco Chan, Meng Wanzhou, Ren Zhengfei, Richard Yu, David Kirton, Simon Cameron, Moore
Organizations:
Huawei, Mobile, Congress, REUTERS, Huawei Technologies, Reuters, Thomson
Locations:
Shanghai, China, SHENZHEN, Shenzhen, U.S