Lenovo Q2 Net Profit Up 21 Pct On Premium Computer Sales

HONG KONG, Nov 8 (Reuters) - Chinese PC maker Lenovo Group reported a 21 percent rise in quarterly net profit, beating expectations, thanks to more premium computers it was able to sell. Its net profit for the second quarter ended September came in at $168 million, versus $139 million a year earlier and an average estimate of $118 million from 9 analysts, according to Refinitiv data.

Revenue rose 14 percent to $13.38 billion, the highest quarterly revenue in almost four years, thanks to an improvement in product mix. Lenovo said pre-tax profit of its personal computer and smart devices group rose 42 percent year-on-year to $940 million in its fiscal first half of April through September. (Reporting by Sijia Jiang; Editing by Himani Sarkar and Muralikumar Anantharaman)

Source : https://uk.reuters.com/article/lenovo-results/lenovo-q2-net-profit-up-21-pct-on-premium-computer-sales-idUKL4N1XH36M

Lenovo Q2 net profit up 21 pct on premium computer sales
Lenovo reports losses as sales plummet (Update)
Samsung's Q2 2012 Profits Soar Thanks To Smartphone Sales
Samsung's Smartphone Sales Woes Continue in Q2
Windows 8 And 8.1 Flops Will Sink Hewlett-Packard
Lenovo first-quarter profit leaps, helped by asset sale, but smartphone losses linger
Lenovo Group's Q2 profit attributable down 11 pct
Infosys profit up 5 percent, misses expectations
Lenovo Group Ltd (0992.HK)