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Monday, June 24, 2024
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HomeTechXiaomi Q1 revenue falls 18.8%, net income up 13.1%

Xiaomi Q1 revenue falls 18.8%, net income up 13.1%

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SHANGHAI (Reuters) – Xiaomi Corp posted on Wednesday revenue of 59.5 billion yuan ($8.61 billion) for the quarter ending in March, down 18.9% and line with analyst expectations.

Net income reached 3.23 billion yuan, up 13.1%, and above expectations.

($1 = 6.9121 Chinese yuan renminbi)

(Reporting by Josh Horwitz, Editing by Louise Heavens)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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