Lenovo Reports 36% Increase in Non-HKFRS Net Profit to $1.4 Billion, Driven by Balanced Global Sales Growth
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Lenovo Group Limited reported a 36% increase in non-HKFRS net profit to $1.4 billion, driven by balanced global sales growth. Profit attributable to equity holders also rose by 37% year-on-year. All business groups improved segment margins, with revenue contributions from Asia Pacific, China, EMEA, and the Americas ranging from 19% to 34%. Corporate expenses increased to $528 million, primarily due to higher employee benefits and advertising costs. Lenovo's focus on innovation and R&D remains crucial for its financial success.
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