vested
LENOVO GROUP 3FQ NP Crumples 22.9% YoY to US$337M
LENOVO GROUP (00992.HK) announced the FY2023/24 third quarter results as of the end of December 2023.
The Group revenue advanced for the third consecutive quarter by 3% YoY or 9% QoQ to US$15.721 billion, which also marked its first YoY quarterly revenue increase in the last one and half years.
Its net profit dropped 22.9% YoY or rose 35% QoQ to US$337 million. EPS was US2.81 cents.
Gross profit margin eroded 0.6 ppts YoY to 16.5%.
The Group is actively developing personalized AI solutions under the Lenovo AI Now solution umbrella.
The total available market of the global PC sector is set to recover to a level structurally higher than the pre-pandemic period in the long term.
The commercial replacement cycle and the trend of premiumization are among the most important catalysts that will help IDG deliver premium-to-market growth, strong average selling prices and sustainable profitability.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN