Huawei H1 profit drop quickens to 36% on rising costs, R&D spending

The Chinese technology company said net profit for January to June fell to 23.81 billion yuan ($3.54 billion), accelerating from a 32% drop in the same period a year earlier, while ‌revenue rose ⁠9.6% to ⁠467.82 billion yuan, as it continued to recover from US sanctions.