CHINESE smartphone maker Xiaomi reported a 10.9 per cent rise in fourth-quarter revenue on Tuesday (Mar 19), boosted by strong smartphone sales in an industry showing signs of recovery.
Revenue reached 73.24 billion yuan (S$13.7 billion) in October-to-December quarter, versus the 73.17 billion yuan average of 15 analyst estimates compiled by LSEG.
Adjusted net profit rose 236.1 per cent from the same period a year earlier to 4.9 billion yuan. That compared with the 3.89 billion yuan average analyst estimate. REUTERS
