Telecom giant Huawei has reported double-digit revenue growth for the first half of the year as it appeared to have recovered from a sales slump seen after the coronavirus pandemic broke out in its home country China.
The 454 billion yuan ($64.9 billion) first-half revenue figure — up 13.1 per cent year-on-year — pointed to a sharp uptick in sales for the second quarter, after first-quarter revenue came in at just 182.2 billion yuan, a mere 1.4pc increase year-on-year.
Analysts had blamed the slowdown in the first three months of 2020 on the virus fallout on business, as well as on US-led efforts to contain the company's involvement in foreign telecom networks.
