This post is from a low-reputation account and contains an unverified outbound link. Be cautious before clicking external links.
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%.
Russian version