Aug 16, 2018 03:06 PM
BUSINESS & TECH
Chart: Lenovo Returns to Profit
Chinese PC giant Lenovo Group Ltd. reported Thursday that it returned to profitability in the quarter through June, helping to lift its sagging stock.
The world's second largest PC-maker reported a $77 million profit for its latest reporting quarter, compared with a loss a year before. Revenue rose 19% to $11.9 billion.
Shares of the Hong Kong-listed company rose 1.56% when trading began on Thursday, lifted by the strong earnings figures.
Lenovo said that the growth was led by continued strength in its personal computing and smart device business and data center group.
The following is an updated table of Chinese company earnings between April and June, starting with the most recent to report.
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