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Lenovo returns to sale growth in Q4

The profit dipped by 41% and revenue jumps by 5% as PC shipments show improvement

Reuters  |  Hong Kong 

China's Lenovo Group Ltd, the world's largest personal computer (PC) maker, reported a return to profit on Thursday but said rising component prices could pressure its bottom line this year as supply shortages extend to batteries. Profit reached $535 million in the year to March on revenue that fell 4 per cent, just missing analyst estimates. The news sent Lenovo shares up as much as 6 per cent in Hong Kong trade. The result comes as Lenovo navigates a PC market that has shrunk markedly since the advent of tablet computers. According to researcher Gartner, global PC ...

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First Published: Thu, May 25 2017. 18:00 IST