Caixin
Nov 08, 2018 04:37 PM
BUSINESS & TECH

Top Tech: Lenovo Profits Jump 21% as Non-China Mobile Business Almost Stops Losing Money

Lenovo Group Ltd. on Thursday reported double-digit quarterly profit growth and its highest revenue in nearly four years, as strong sales helped it take back the spot as the world’s largest PC-maker from rival HP.

Lenovo said its profit grew nearly 21% to $168 million during the quarter that ended September, while its revenue rose 14% to $13.4 billion.

Shares of the Hong Kong-listed company were up more than 6% from the previous day’s close in early afternoon trade on Thursday, after the results were announced during the midday break.

You've accessed an article available only to subscribers
Get 30 days of access for $0.99.
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.