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Lenovo FQ1 Profit Rises 23%

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Chinese computer maker Lenovo Group (OTC: LNVGY) reported a 23% rise in its net profit in its fiscal first quarter.

Lenovo's quarterly net profit surged to $173.93 million, from $141.37 million, in the year-ago period.

Its revenue climbed 9.7% to $8.79 billion from $8.01 billion.

Lenovo shares closed at $19.62 yesterday.

Posted-In: profitEarnings News

 

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