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Lenovo posts quarterly loss on higher costs, flat sales

2017-08-18 08:31:00| Telecompaper Headlines

(Telecompaper) Lenovo moved to a net loss of USD 72 million in its fiscal first quarter to June, versus a profit of USD 173 million a year ago, after a rise in costs and flat sales in the period. Revenue of USD 10.012 billion was little changed compared to USD 10.056 billion a year earlier, and the operating result was a loss of USD 6 million versus a profit of USD 245 million a year ago. 

Tags: sales posts costs loss

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