China’s telecoms giant Huawei Technologies says its profit fell 28% while revenue surged in 2024
BANGKOK — Chinese telecoms gear giant Huawei said Monday its net profit fell 28% in 2024 while its revenue surged, as the company invested heavily in advanced technologies. Huawei Technologies reported 62.6 billion yuan ($8.6 billion) in net profit last year, down from 87 billion yuan the year before. Its revenue jumped 22% to $118.2…