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LENOVO GROUP Balloons ~17% in PM Trade, Sets New High, as 1Q Adj. NP Spikes 176%
2026-08-13 13:13:36 LENOVO GROUP (00992.HK) settled 3.4% higher at midday today (13th). After unveiling its results for the first fiscal quarter ended June at noon, the stock stretched upswing in the afternoon session and once hit a record high of HKD34.44. It last logged at HKD33.96, up 16.94%, with turnover of 161 million shares involving HKD5.051 billion. LENOVO GROUP announced its results for the first fiscal quarter ended June 2026. Revenue added 43% YoY to USD26.943 billion. The company swung to a loss of USD609 million from a net profit of USD505 million in the same period last year, primarily due to a non-cash fair value loss of USD1.7 billion arising from the revaluation of warrants issued in 2025, and USD30 million of notional interest on convertible bonds. LPS was US5.04 cents. Excluding a non-cash fair value loss from the revaluation of warrants issued in 2025, notional interest on convertible bonds, and other non-cash items, adjusted net profit rallied 176% YoY to USD1.075 billion. LENOVO GROUP's first fiscal quarter loss and adjusted net profit both beat CLSA's forecasts, which had projected a loss of USD723 million and adjusted net profit of USD751 million. ~ AAStocks Financial News Web Site: www.aastocks.com | |