Xiaomi's Profit Balloons in Q3 as Revenue Soars 31%

MT Newswires Live

2024-11-18

Xiaomi (HKG:1810) recorded a rise in attributable profit for the third quarter ended Sept. 30 to 5.35 billion yuan from 4.87 billion yuan a year prior, a Monday bourse filing stated.

Earnings per share stood at 0.21 yuan, up from 0.19 yuan in the third quarter of 2023.

Revenue for the Chinese tech giant rose by 31% to 92.5 billion yuan in the quarter from 70.9 billion yuan in the year-ago period.

Shares of the company closed nearly 3% higher on Monday.

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