TAIPEI -- Huawei Technologies' net profit rose more than 75% in 2021 despite its first-ever decline in revenue, thanks to steady growth in profitability and one-off gains from spinning off its budget smartphone line and a server business, the embattled Chinese company said Monday.
Huawei crackdown
Huawei net profit up 76% in 2021 despite U.S. crackdown
Sale of budget phone arm helps telecom giant overcome revenue slump
Chinese telecom equipment maker Huawei logged a 76% rise in net profit thanks in part to the sale of Honor, its budget smartphone arm. © Reuters
Read Next
Latest on Huawei crackdown
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
