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Lenovo doubles quarterly profits on cost cuts, strong PC sales

2019-08-15 09:00:00| Telecompaper Headlines

(Telecompaper) Lenovo nearly doubled its operating profit in the fiscal first quarter to June, thanks to improved profitability across all its divisions. Revenues were up 5 percent to USD 12.5 billion, driven by the PC business, and the net profit rose to USD 162 million from USD 77 million a year ago. 

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