BEIJING (dpa-AFX) - Tech firm Lenovo Group Ltd (LNVGF.PK, 0992.HK) reported Thursday lower profit in its third quarter, hurt by one-time charges, despite higher revenues.
In Hong Kong, the shares were trading 2 percent lower, at HK$9.250.
In the third quarter, net income attributable to equity holders fell 21 percent to $546 million from last year's $693 million. Earnings per share dropped to 3.90 US cents from 5.35 US cents a year ago.
Adjusted net income was $589 million, compared to $435 million last year.
Group revenue climbed 18 percent to reach an all-time fiscal quarter high of $22.20 billion from prior year's $18.80 billion. Revenue from all business groups grew double-digit year-on-year.
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