M1’s profit expands 10% on strong handset sales

Singapore operator M1 reported a healthy increase in both its net profit and overall revenue last year as it benefited from strong growth in data usage and higher handset sales. Its net profit after tax expanded 9.7 per cent year-on-year to …

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Huawei claims big jumps in 2014 profit and revenue

Huawei reported an unaudited net profit of CNY33.9-34.3 billion ($5.52-5.59 billion) – an increase of more than 60 per cent over 2013. The company said revenue rose by almost 20 per cent to CNY287-289 billion, which is significantly higher than …

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Xiaomi’s profitability called into question

Chinese smartphone maker Xiaomi isn’t nearly as profitable as previously estimated. A regulatory filing yesterday in China showed the privately-held company had a net profit last year of just CNY347 million ($56 million) – ten times less than media expectations. …

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