Huawei announces its financial results in the first quarter of 2019

Amid US pressure growing Huawei announced today the first quarterly results this year for the first quarter of the year and by the end of March where the company achieved a significant jump in revenues amounted to 39% compared to the same period last year.

The company was able to increase revenue to 26.81 million this of course was not a direct effect on the net profit which did not disclose the company but announced that net earnings rose 8% compared to the same period last year.

In spite of the media campaign the US on the company in respect of the fifth-generation networks, specifically the company announced that it managed to sign a 40 contract for the supply of 5G networks, where the charge 70 thousand plant already expects to end the shipment of 100 thousand plants by the end of May.

Hand phones the company announced it has shipped 59 million phones in the first quarter of 2019 this figure is high also compared to what was shipped in the first quarter of 2018 ( 39.3 million phones).

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