Xiaomi posts jump in third-quarter revenue, beats estimates

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BEIJING/SHANGHAI : Chinese electronics maker Xiaomi Corp posted a 30.5 per cent jump in third-quarter revenue, boosted by the launch of its first electric vehicle, the SU7 sedan, in March.Revenue came in at 92.5 billion yuan ($12.77 billion) in the quarter ended Sept.

FILE PHOTO: People walk past a Xiaomi store in Shenyang, Liaoning province, China June 12, 2018.

The manufacturer of smartphones and a wide range of home electronic goods, reported adjusted net profit climbed 4.4 per cent to 6.25 billion yuan, versus a consensus estimate of 5.92 billion yuan.

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Category: EconomyBusiness

Markets: SingaporeChina

Topics: Estimate Mediacorp Cent Yuan Experience Photo: Revenue Billion Xiaomi Consensus File

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Article Type: News Report

Published On: 2024-11-18 @ 18:31:28 (7 hours ago)

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News Source URL: channelnewsasia.com

Language: English

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