Lenovo Delivers Record Results, Fueled By Strong Q2 Growth Across All Business Groups

Lenovo Delivers Record Results, Fueled By Strong Q2 Growth Across All Business Groups

Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced record Group revenue in the second quarter of US$14.5 billion, up 7% year-on-year and with all businesses showing strong growth. Profit showed even stronger growth, with record pre-tax income of US$470 million, up 52% compared to the same quarter a year earlier, while net income also increased by 53% year-on-year to a record US$310 million. In addition to record quarterly results, Lenovo's financial strength and sustainability has been further validated recently with strong inaugural investment grade ratings from Moody's, Standard & Poor's and Fitch, and a successful global notes offering.Basic earnings per share for the second quarter were 2.59 US cents or 20.08 HK cents. Lenovo's Board of Directors declared an interim dividend of 6.6 HK cents per share.According to preliminary results