From Nasdaq: 2025-05-22 01:03:00

Lenovo Group Ltd. reported a sharp drop in profit in the fourth quarter despite higher revenues, causing shares to fall over 2% in Hong Kong trading. The company remains confident in its focus on innovation and hybrid AI to maintain market competitiveness. Lenovo’s Board declared a final dividend of 3.9 US cents per share for fiscal year 2024. Net income attributable to equity holders plunged 64% to $90 million, with pre-tax income falling 42% to $178 million. Group revenue for the quarter grew 23% to $16.98 billion. Lenovo shares in Hong Kong were trading down 2.1% at HK$9.910.



Read more at Nasdaq: Lenovo Stock Down On Weak Q4 Profit, But Revenues Climb; Declares Dividend