XIAOMI CORP. RELEASED ITS FOURTH-QUARTER NET PROFIT TO BE 36.7 PERCENT

Highlights –

• Xiaomi Corp. released its fourth-quarter net profit to be 36.7 percent.
• The mobile company’s adjusted net profit for the quarter rose to $490.84 million.
• The company’s sales rose 24.8% year-on-year to 70.5 billion yuan.
• Its overseas sales grew 27.6% to 33.8 billion yuan.

On Wednesday, Chinese smartphone maker Xiaomi Corp reporte....