Huawei posts 3.2% rise in profit in 2020, as revenues decline from outside of China

SHENZHEN: China's Huawei Technologies reported modest annual profit growth for 2020 as overseas revenues declined due to disruption caused by the pandemic and the company's placement on a U.S. export blacklist.

Net profit for 2020 came in at 64.6 billion yuan ($9.83 billion), up 3.2%, compared to growth of 5.6% a year earlier.