Lenovo, the world’s largest personal computer manufacturer, has reported a worse-than-expected 64 per cent fall in fourth-quarter profit, which it said was mostly due to a non-cash decline in the value of warrants.
Lenovo reported revenue of $16.98 billion for the quarter ended March 31, which exceeded analysts’ expectations of $15.6 billion, LSEG data showed.
Net profit to the company’s owners came in at $90 million, well short of the
