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Huawei Yoy 44.73b 2.2b Covid19kirtonreuters

Huawei, the Chinese telecommunications giant, announced impressive financial results for Q1 2020 despite facing challenges posed by the COVID-19 pandemic. The company reported a year-over-year increase of 1.4% in revenue, amounting to $44.73 billion and a net profit margin of 7.3%, or $2.2 billion. This achievement is remarkable given that Huawei has been under immense pressure from the US government’s…