Xiaomi Q2 earnings leaps 32% on vehicle organization, mobile phone sales

BEIJING (Reuters) – China’s Xiaomi Corp uploaded a 32% surge in second-quarter earnings on Wednesday, driven by brand-new earnings streams from its vehicle organization system and increased by solid sales of phones.

For the 3 months finishing in June, Xiaomi’s earnings was 88.9 billion yuan ($ 12.46 billion), defeating the 85.8 billion yuan approximated by experts according to LSEG.

Adjusted earnings was 6.18 billion yuan, over the 4.8 billion yuan approximated by experts.

($ 1 = 7.1332 Chinese yuan renminbi)

(Reporting by Liam Mo and Casey Hall, Editing by Louise Heavens)