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BRIEF-Lenovo Group Posts Qtrly Profit Attributable Of $33 Mln

Reuters

May 24 (Reuters) - Lenovo Group Ltd:

* QTRLY REVENUE $10,638 MILLION VERSUS $9,759 MILLION

* QTRLY PROFIT ATTRIBUTABLE $33 MLN VS $107 MLN LAST YEAR

* BOARD HAS RESOLVED TO RECOMMEND PAYMENT OF A FINAL DIVIDEND OF HK20.5 CENTS PER SHARE FOR YEAR ENDED MARCH 31, 2018

* FY REVENUE OF MOBILE BUSINESS DECREASED 6 PERCENT YEAR-ON- YEAR TO US$7,241 MILLION

* MARKET CONDITIONS REMAIN CHALLENGING IN SHORT TERM

* "GROUP'S VIEW IS THAT LOWERED TAX RATE IN US WILL BENEFIT ITS OPERATIONS THERE OVER TIME"

* WITH SMARTPHONE, GROUP WILL CUT EXPENSES TO SIGNIFICANTLY REDUCE THE LOSS IN THIS BUSINESS Source text for Eikon: Further company coverage: