lenovo group Limited (the "Company") announced its unaudited interim financial performance for the six months ended September 30, 2024. During the period, the Group's revenue reached $33.3 billion, a 22% year-on-year increase; the profit attributable to equity holders of the Company reached $0.602 billion, a 41% year-on-year increase. All three business groups achieved double-digit growth, with the Infrastructure Solutions Business Group recording a 65% revenue growth, the Smart Devices Business Group recording a 15% revenue growth, and the Services Business Group achieving a record-high revenue, maintaining a 21% operating profit margin. In addition, the Group's free cash flow in the first half of the year was nearly three times that of the same period last year, with a net cash balance...Show More

lenovo group Limited (the "Company") announced its unaudited interim financial performance for the six months ended September 30, 2024. During the period, the Group's revenue reached $33.3 billion, a 22% year-on-year increase; the profit attributable to equity holders of the Company reached $0.602 billion, a 41% year-on-year increase. All three business groups achieved double-digit growth, with the Infrastructure Solutions Business Group recording a 65% revenue growth, the Smart Devices Business Group recording a 15% revenue growth, and the Services Business Group achieving a record-high revenue, maintaining a 21% operating profit margin. In addition, the Group's free cash flow in the first half of the year was nearly three times that of the same period last year, with a net cash balance increasing to $0.595 billion. lenovo group has established a strategic partnership with Alat, a subsidiary of the Public Investment Fund of Saudi Arabia, preparing to capitalize on the growth in the Middle East and Africa markets. The Group announced a mid-year dividend of 8.5 Hong Kong cents per share, to be paid around December 12, 2024.