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Ban on Huawei Doing Business with US Companies Drives 2019 Profits Down

Cloudy days ahead for Huawei

It looks like the US ban on Huawei Technologies is having an effect on the Chinese telecommunications giant’s 2019 annual report. Although Huawei (HWT.UL) revealed that its net profit for the year was CNY62.7 billion CND$12.5 billion, Reuters noted it was its lowest increase in three years at 5.6%.

Continue reading Ban on Huawei Doing Business with US Companies Drives 2019 Profits Down

US Ban on Huawei Doing Business with US Companies Drives 2019 Profits Down

Cloudy days ahead for Huawei

It looks like the US ban on Huawei Technologies is having an effect on the Chinese telecommunications giant’s 2019 annual report. Although Huawei (HWT.UL) revealed that its net profit for the year was CNY62.7 billion CND$12.5 billion, Reuters noted it was its lowest increase in three years at 5.6%. Continue reading US Ban on Huawei Doing Business with US Companies Drives 2019 Profits Down