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992 - Lenovo News Story

HK$4.71 0.0  0.9%

Last Trade - 9:08am

Sector
Technology
Size
Large Cap
Market Cap £5.53bn
Enterprise Value £7.83bn
Revenue £38.74bn
Position in Universe 230th / 5990

BRIEF-Lenovo Group Posts Q3 Profit Attributable Of $258 Million

Thu 20th February, 2020 5:18am
Feb 20 (Reuters) - Lenovo Group Ltd  0992.HK :
    * Q3 REVENUE $14,103 MILLION VERSUS $14,035 MILLION
    * Q3 PROFIT ATTRIBUTABLE $258 MILLION VERSUS $233 MILLION
    * MACRO RISK FACTORS, ESPECIALLY OUTBREAK OF NOVEL
CORONAVIRUS,
COULD BRING SHORT-TERM VOLATILITY AND CHALLENGES
    * DEMAND IN CHINA IS EXPECTED TO REBOUND AFTER STABILIZATION
OF
CORONAVIRUS OUTBREAK
    * VAST MAJORITY OF GROUP'S FACTORIES IN CHINA REOPENED AND
ARE
OPERATIONAL ON LIMITED BASIS
    * MAJORITY OF REOPENED AND OPERATIONAL FACTORIES IN CHINA
ARE
RUNNING ON LIMITED BASIS BUT SUPPLIERS/LOGISTICS SERVICES
REMAINED IMPACTED
    * Q3 PCSD BUSINESS REPORTED 3% YEAR-ON-YEAR GROWTH IN
REVENUE TO
US$11,074 MILLION
    * Q3 MOBILE BUSINESS GROUP REVENUE US$1,381 MILLION, DOWN
17%

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS63g8vq
Further company coverage:  0992.HK 

 ((Reuters.Briefs@thomsonreuters.com;))
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