Chinese Lenovo profits drop 64%

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Source: Hong Kong – Reuters

The Chinese group Lenovo, the world’s largest PC maker, announced a quarterly profit on Wednesday, and said it might benefit from the “new normal” of working from home.

Lenovo’s net profit fell 64% in the fourth quarter ended March to $ 43 million due to disruptions caused by Covid-19, but exceeded the average estimate of seven analysts was $ 7.49 million, according to Refinitiv data.

Revenue fell 9.7% to $ 10.6 billion.







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