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Wireless

Lenovo returns to sales growth in Q4

Thursday 25 May 2017 | 08:53 CET | News
Update: 25 May 2017 | 10:38 CET
Lenovo reported a return to revenue growth in its fiscal fourth quarter to March, after five quarters of decline. Sales rose 4.9 percent to USD 9.6 billion, thanks to growth in the PC and mobile businesses. Operating profit was still down 70 percent to USD 74 million, and net profit dropped 41 percent to USD 104 million. Lenovo maintained its dividend at HKD 20.5 cents per share, after a return to profit of USD 535 million versus a loss of USD 128 million in the prior year.

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[25/05/2017 10:38- Update: Adds detail on division results.]


Categories: IT / Mobile & Wireless
Companies: Lenovo
Countries: World
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