Xiaomi, which has been hearing bank pitches for what could be the world's biggest tech float next year, will rake in a net profit of at least US$1bil (RM4.09bil) in 2017.
HONG KONG: Chinese smartphone maker Xiaomi Inc has told bankers it would top its annual revenue target by as much as 18%, sources with knowledge of the matter said, marking a comeback from a sales slump in recent years that triggered a business overhaul.
Xiaomi, which has been hearing bank pitches for what could be the world's biggest tech float next year, will rake in a net profit of at least US$1bil (RM4.09bil) in 2017, banker projections based on the company's revenue estimate of US$17bil (RM69.5bil) to US$18bil (RM73.5bil) show. Profits are estimated to reach about US$2bil (RM8.18bil) in 2018.
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