Lenovo in the third fiscal quarter again became profitable

Lenovo, the Chinese manufacturer of personal computers, following the results of the third financial quarter, which ended in December, reported a net profit of $233 million after a net loss of $289 million a year earlier. Profit exceeded the forecast of experts by 207 million dollars. Revenues reached a record level of 14 billion 40 million dollars. Its growth was at the level of 8.5%. Sales of smartphones declined by 20%. However, the division producing them recorded pre-tax profits, which happened for the first time since October 2014, when the company acquired Motorola. Revenue in the division producing personal computers and smart devices, marked a record, rising by 11.6%.

22.02.2019
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