Lenovo reported for the second quarter of the financial year 2017/18
Lenovo Group has published a report for the last quarter. The Chinese manufacturer on 30 September ended the second quarter of the financial year 2017/18.
The reporting period brought Lenovo revenue of 11.8 billion dollars. It is 5% higher than a year ago and 18% more than in the previous quarter.
The drafters of the report note that the growth recorded in all the main activities, which include production of equipment for data centers, smartphones, PCs and smart devices.
Gross profit reached $ 1.6 billion. This is 0.3% higher than a year ago and 18.2% more than in the previous quarter. Profitability decreased slightly compared to the previous quarter. It was equal to 13.7%. Profit before tax amounted to 35 million dollars. For comparison, the first quarter of the financial year 2017/18, the company completed a loss of 69 million dollars.