Robust computer sales helped Lenovo more than triple its quarterly profits, providing a silver lining for China’s under-fire technology sector.
The Beijing-based company said Thursday that profits attributable to equity holders surged to $118m in the three months to March, compared to just $33m in the year ago period. Fourth quarter profits were also ahead of the $106m figure forecast by analysts polled by Bloomberg.
Quarterly revenues of $11.7bn were 10 per cent higher year-on-year and a touch above analyst estimates of $11.6bn.
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