Chinese multinational tech conglomerate Huawei has paid out dividends totaling $9.65-billion to its current and retired staff in its employee shareholder scheme, the Shanghai Clearing House said.
The company’s net profit jumped by 76% which was mainly because of the sale of its budget-brand smartphone unit Honor. The US imposed trade restrictions on Huawei throughout 2019 and 2020 because of “national security concerns”, which Huawei reportedly denies. Finance chief Meng Wanzhou said that the US pressure has done nothing but strengthen the company’s determination. Meng was speaking on Monday after the company’s first set of results since her return from nearly three years’ detention in Canada.
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