BEIJING (dpa-AFX) - Lenovo Group Limited (LNVGF.PK, LNVGY.PK), an electronic and technology firm, on Thursday posted a decline in pre-tax earnings for the second quarter amidst weak revenues.
Pre-tax income stood at $710 million as against $742 million of last year.
For the three-month period to September 30, the company reported a profit attributable to equity holders of $541 million or 4.23 cents per share, 6 percent higher than $512 million or 3.96 cents per share a year ago.
Excluding items, profit attributable to equity holders was flat at $591 million, compared with the previous year period.
Operating income, however, rose to $851 million from $817 million posted in the same period last year.
The Group's revenue fell 4 percent to $17.09 billion from $17.87 billion reported for the previous year quarter.
The company said that it has declared an interim dividend of 8 HK cents per share.
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