HONG KONG: China’s Lenovo Group Ltd, the world’s largest personal computer (PC) maker, said it returned to profit in a year when its PC shipments fell at a slower rate than the overall market as consumer demand continued its downward trend.
Profit reached US$535mil in the year to March on revenue that fell 4%, reversing a loss of a year prior and just missing analyst estimates. The news sent Lenovo shares up as much as 6% in Hong Kong trade.
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