Lenovo second-quartre profit rises 21%

Lenovo Group Ltd. (0992.HK) said its fiscal second-quarter net income rose 21% from a year earlier, aided in part by higher revenue from its personal-computer and smart-devices business.

For the three months ended September, the Chinese company said its net profit rose to $168 million from $139 million a year earlier. Revenue rose 14% to $13.38 billion.

The company was expected to post a net profit of $127.60 million, according to S&P Global Market Intelligence.

The company’s gross profit margin for the quarter fell 0.3 percentage point to 13.4% from a year earlier amid some cost pressures.

Write to Saurabh Chaturvedi at [email protected]

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