This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Lenovo Posts a 65% Jump in Q2 Profits
November 5, 2021
PC-maker Lenovo reported a 65% YoY jump in its Q2 profits to $512mn. Revenues jumped 23% YoY to $17.9bn. Both, revenues and profits were at record levels for the company. Operating cashflows doubled YoY to $1.6bn. All divisions performed well led by the Intelligent Devices Group (IDG) with revenue growth of 21% YoY to $15.3bn and profitabiltiy growth up 34% to $1.2bn. It said that smartphones had its best quarter ever with profit reaching a new historic high of $89mn and revenues growing 27%, the highest in over 3 years. However, Lenovo also said, “The industry-wide component shortage of various integrated circuits (ICs) remained a business challenge, causing delays in order fulfilment and significant back-log orders across PCs, smartphones, and servers”.
Lenovo’s dollar bonds were stable with its 5.875% 2025s at 112.14, yielding 2.21%.
For the full story, click here
Go back to Latest bond Market News
Related Posts:
Lenovo Scraps $1.8bn IPO on Shanghai’s Star Market
October 11, 2021
Lenovo Planning Pivot Into Services to Boost Customer Base & Margins
September 21, 2021
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.