Xiaomi's Q4 Profit Surges 90% on 49% Revenue Boost

MT Newswires Live

03/18

Xiaomi (HKG:1810) recorded a 90% rise in attributable profit for the three months ended Dec. 31, 2024, to 9 billion yuan from 4.72 billion yuan in the year-ago period, a Tuesday filing with the Hong Kong bourse said.

The tech firm's revenue surged 49% to 109 billion yuan in the period from 73.2 billion yuan in the fourth quarter of 2023.

For the full year 2024, attributable profit increased to 23.7 billion yuan, or 0.93 yuan per share, from 17.5 billion yuan, or 0.69 yuan per share, a year prior. Revenue for the year saw a 35% boost to 365.9 billion yuan in 2024 from 271 billion yuan in 2023.

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