Huawei h1 yoy 44.73b 2.2b
In a significant financial development, Huawei Technologies (HWT.UL) announced on Friday that its net profit for the first half of the year more than halved. The challenging economic landscape, coupled with the impact of U.S. technology restrictions, contributed to a 5.9% year-on-year drop in revenue to 301.6 billion yuan ($44.73 billion), with a steeper decline…