July 30, 2019 / 7:16 AM / 24 days ago

Huawei Technologies posts 23% H1 revenue growth amid U.S. sanctions

HONG KONG, July 30 (Reuters) - China's Huawei Technologies said on Tuesday revenue in the first half of the year grew 23.2% - faster than a year ago - despite an intense U.S. campaign against it that ultimately became a trade ban from mid-May.

Unlisted Huawei, which only started disclosing quarterly results this year, said revenue in the first half rose to 401.3 billion yuan ($58.28 billion) from 325.7 billion a year ago, with smartphone shipments reaching 118 million units, up 24%.

Huawei's supply chain was significantly disrupted when it was put on a trade blacklist by Washington in mid-May. The U.S. government alleges it is a national security risk as its equipment could be used by Beijing to spy, which Huawei has repeatedly denied. ($1 = 6.8860 Chinese yuan renminbi) (Reporting by Sijia Jiang; Additional Reporting by Brenda Goh in SHANGHAI; Editing by Muralikumar Anantharaman)

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