<div id="readability-page-1"><div id="ctl00_CPI_dvBody"><div><div><p>Add <img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png"/> as your preferred news source on Google</p><div><p><img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png"/> Add Now</p></div></div></div><p> Tech firm Lenovo Group Ltd (LNVGF.PK,0992.HK) reported Thursday lower profit in its third quarter, hurt by one-time charges, despite higher revenues.</p><p>In Hong Kong, the shares were trading 2 percent lower, at HK$9.250.</p><p>In the third quarter, net income attributable to equity holders fell 21 percent to $546 million from last year's $693 million. Earnings per share dropped to 3.90 US cents from 5.35 US cents a year ago.</p><p>Adjusted net income was $589 million, compared to $435 million last year.</p><p>Group revenue climbed 18 percent to reach an all-time fiscal quarter high of $22.20 billion from prior year's $18.80 billion. Revenue from all <span>business</span> groups grew double-digit year-on-year. </p><p>For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com. </p><p>For comments and feedback contact: editorial@rttnews.com</p><p>Business News</p></div></div>

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<p>Lenovo Group Ltd reported a 21% drop in net income for Q3, totaling $546 million, despite an 18% increase in revenue to $22.20 billion. The company's earnings per share fell to 3.90 US cents from 5.35 US cents a year ago. Shares in Hong Kong traded 2% lower at HK$9.250 due to one-time charges affecting profits.</p>

Lenovo Group Q3 Profit Down, Revenues Climb; Stock Down - Update