Xiaomi profit grows in second-quarter, boosted by premium phone sales

Xiaomi Corp's overseas sales have returned to pre-pandemic levels, its acting CFO said on Wednesday, as it announced profit had more than doubled in the second quarter on the back of strong growth in its high-end smartphone business.
 

Revenue rose 3.1% in the quarter ending June 30, while sales rose to 53.54 billion yuan ($7.77 billion), beating analysts' expectations. Revenue was up from 51.95 billion yuan in the same period a year earlier.
 

Overall revenue from the company's smartphones business, which accounts for nearly two-thirds of its revenue, fell 1.2% to 31.6 billion yuan. Xiaomi sold 28.3 million handsets in