Trading was boosted by the “strong reception” to the Chinese company’s new smartphones MATTHEW HORWOOD/GETTY IMAGESThe storm over Huawei failed to dent its British business last year, with profit rising by 68 per cent. Annual pre-tax profit surged to £57.8 million and revenue rose by 59 per cent to £1.2 billion in the year to the end of December, accounts at Companies House show. The Chinese technology company said that trading had been boosted by the “strong reception” to its new smartphones, which included the P20 Pro and Mate 20 Pro. Huawei’s rise has been challenged by the Trump administration over security and spying fears. In June, it slashed its revenue forecast for 2019 by about $30 billion as Ren Zhengfei, 74, founder and chief executive, said that it…

Source: The Times October 02, 2019 23:03 UTC