Following the results of 2018, Xiaomi realized a net profit against a loss a year earlier


Chinese company Xiaomi, specializing in the production of electronics, reported that following the results of 2018, it received a net profit of 13 billion 480 million yuan while a year earlier it recorded a net loss of 43 billion 890 million yuan, writes. Revenues amounted to 174 billion 920 million yuan, noting an increase of 52.6%. The increase in revenue was observed in all business segments. The smartphone unit increased by 41.3%. TV sales jumped 225%. Significant revenue growth was also recorded in the field of Internet services and advertising. The first indicator increased over the year by 61.2%, the second one - by 79.9%. Xiaomi sales outside China jumped 118%. Foreign revenues accounted for 40% of the company's total revenue, up from 28% in 2017.

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