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Lenovo lifts revenues, profits in Q3, boosted by first profit at Motorola
2019-02-21 09:10:00| Telecompaper Headlines
(Telecompaper) Lenovo said revenues for its fiscal third quarter to end December reached their highest level in four quarters, boosted by a higher pre-tax profit at Mobile Business Group (MBG), its first time since the acquisition of Motorola, and a strong performance at all major business groups. Revenues for the group lifted 8 percent from the year before to USD 14.035 billion. The operating profit meanwhile leaped 112 percent to USD 434 million, while the pre-tax profit more than doubled to USD 350 million from 150 million and the net result strengthened to a gain of USD 233 million from a loss of 289 million. Diluted earnings per share went to 1.92 cents, from a loss of 2.53 cents.
Tags: profit
motorola
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Category:Telecommunications