PC maker Lenovo returns to profit in third quarter on strong performance across business groups

  • Revenue up 8.5 per cent on strong performance in major businesses, with mobile group posting first pre-tax profit since Motorola buy

Chairman and CEO of Lenovo, Yang Yuanqing. Photo: SCMP/David Wong

Chinese PC maker Lenovo Group said on Thursday it swung to a net profit in the three months through December, beating market expectations, due to strong performance across its major business groups.

Profit for the quarter reached US$233 million, versus a loss of US$289 million in the same period a year earlier when the world’s largest personal computer (PC) maker by shipments took a one-off hit due to US tax reform.

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