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Old 18th August 2016, 18:01   #1
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Default Lenovo sees profit jump

China's Lenovo saw its first-quarter profit jumped nearly two-thirds but its mobile arm lost money again as a $3 billion bet on buying Motorola to diversify has yet to pay off.

Lenovo's net profit climbed 64 percent to $173 million for the quarter ended June compared with a year earlier, when profit was hit by restructuring costs. This quarter saw a $132 million gain from the sale of a Beijing office property which sent profit well beyond the $130.1 million average estimate of analysts.
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