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Lenovo Group Posts Qtrly Profit Attributable Of $33 Mln


Thursday, 24 May 2018 

May 24 (Reuters) - Lenovo Group Ltd <0992.HK>::QTRLY REVENUE $10,638 MILLION VERSUS $9,759 MILLION.QTRLY PROFIT ATTRIBUTABLE $33 MLN VS $107 MLN LAST YEAR .BOARD HAS RESOLVED TO RECOMMEND PAYMENT OF A FINAL DIVIDEND OF HK20.5 CENTS PER SHARE FOR YEAR ENDED MARCH 31, 2018.FY REVENUE OF MOBILE BUSINESS DECREASED 6 PERCENT YEAR-ON- YEAR TO US$7,241 MILLION.MARKET CONDITIONS REMAIN CHALLENGING IN SHORT TERM."GROUP'S VIEW IS THAT LOWERED TAX RATE IN US WILL BENEFIT ITS OPERATIONS THERE OVER TIME".WITH SMARTPHONE, GROUP WILL CUT EXPENSES TO SIGNIFICANTLY REDUCE THE LOSS IN THIS BUSINESS.