Lenovo posts 65% rise in Q2 profit

News Image

MG News | November 04, 2021 at 09:29 AM GMT+05:00

0:00

November 4, 2021: China's Lenovo Group, the world's biggest maker of personal computers, reported a 65% rise in second-quarter profit on Thursday and said it saw demand for commercial PCs grow at a near-record rate during the period.

Profit for the quarter ended Sept. 30 jumped to $512 million versus $310 million in the same period a year earlier.

Revenue rose 23% to $17.9 billion, slightly above an average estimate of $17.3 billion from 9 analysts, according to Refinitiv data.

Reuters

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,945.00 119,740.00
116,945.00
-1350.00
-1.14%
BRENT CRUDE 73.34 73.63
71.75
0.83
1.14%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.14 70.51
68.45
0.93
1.34%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg