Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Lenovo Group ( (HK:0992) ) just unveiled an announcement.
Lenovo Group Limited announced its FY2024/25 annual results, revealing a 37% increase in group profit attributable to equity holders and a 21% rise in revenue year-on-year. The company achieved record revenues across its Infrastructure Solutions Group (ISG) and Solutions & Services Group (SSG), with significant growth in R&D spending fostering innovations in AI and infrastructure. Despite a 64% drop in fourth-quarter profit due to a non-cash fair value loss on warrants, the company showed strong operational performance with a 25% increase in non-HKFRS profit. The board proposed a final dividend of HK30.5 cents per share, subject to shareholder approval.
The most recent analyst rating on (HK:0992) stock is a Hold with a HK$13.00 price target. To see the full list of analyst forecasts on Lenovo Group stock, see the HK:0992 Stock Forecast page.
More about Lenovo Group
Lenovo Group Limited is a multinational technology company incorporated in Hong Kong, primarily known for its production of personal computers, smartphones, and other electronic devices. The company operates in the information technology industry, focusing on infrastructure, edge devices, services, and AI applications, with a strong market presence globally.
Average Trading Volume: 111,945,311
Technical Sentiment Signal: Buy
Current Market Cap: HK$123.6B
Learn more about 0992 stock on TipRanks’ Stock Analysis page.