China's Lenovo Group first-quarter profit more than doubles



(Reuters) – Chinese personal computer maker Lenovo Group (HK:) reported a more than two-fold jump in quarterly profit on Thursday, beating analysts’ estimates.

Lenovo’s profit in the quarter ended June rose to $162 million (£134.4 million), compared with an average estimate of $154 million by 9 analysts, according to Refinitiv data.

Revenue rose 5% to $12.51 billion, in line with the average estimate of $12.57 billion by 13 analysts.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

READ  Fed up Canada tells U.S. to help with China crisis or forget about favours

LEAVE A REPLY

Please enter your comment!
Please enter your name here