HONG KONG (Reuters) - Chinese PC maker Lenovo Group (HK:0992) reported a 21 percent rise in quarterly net profit, beating expectations, thanks to more premium computers it was able to sell.
Its net profit for the second quarter ended September came in at $168 million, versus $139 million a year earlier and an average estimate of $118 million from 9 analysts, according to Refinitiv data.
Revenue rose 14 percent to $13.38 billion, the highest quarterly revenue in almost four years, thanks to an improvement in product mix. Lenovo said pre-tax profit of its personal computer and smart devices group rose 42 percent year-on-year to $940 million in its fiscal first half of April through September.