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Lenovo's Q4 profit growth of 512per cent beats estimates

Lenovo's Q4 profit growth of 512per cent beats estimates

FILE PHOTO: The Lenovo logo is seen in this illustration photo January 22, 2018. REUTERS/Thomas White/Illustration

HONG KONG: China's Lenovo Group, the biggest maker of personal computers, posted on Thursday a better-than-expected rise of 512per cent in fourth-quarter profit, helped by robust demand from those working from home as COVID-19 curbs persisted.

Profit for the quarter ended March 31 jumped to US$260 million, above an average estimate of US$204.7 million from seven analysts, according to Refinitiv data.

(Reporting by Pei Li)

Source: Reuters

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