Xiaomi posts forecast-beating first-quarter sales
14:05, 20/05/2019, MondayU: Update: 14:06, 20/05/2019, Monday
REUTERS
File photo: The logo of Xiaomi is seen inside the company's office in Bengaluru
Chinese smartphone maker Xiaomi Corp posted better than expected quarterly revenue on Monday, citing steady growth in smartphone sales.
Its sales reached 43.8 billion yuan ($6.33 billion) in the first quarter, up from 34.4 billion yuan a year earlier, beating analyst expectations of 42.1 billion yuan.
Adjusted net profit rose to 2.1 billion yuan over the period.
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