Lenovo Operating Revenue Up 7% In Q1 2020


Lenovo Group recently published its financial report for the first quarter of 2020/2021 financial year, stating that its operating revenue reached USD13.348 billion, a year-on-year increase of 7%; and its net profit was USD213 million, a year-on-year increase of 31%.


According to the report, Lenovo’s smart device business group, which consists of PC and smart device business and mobile business, saw a year-on-year revenue increase of 5.2% to USD11.736 billion, setting a new record. Its profit before tax increased by 17.2% year-on-year to USD620 million.


More specifically, Lenovo’s PC and smart device business revenue reached USD10.603 million, a year-on-year increase of 10.1% and it accounted for 80% of the total revenue of the group. Its PC and smart device business profit rate before tax was 6.3%, which was 0.9 percentage point higher than the same period of last year.

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Disqus Comments