BEIJING, Aug 14 (Reuters) - China's Lenovo ( LNVGF ) on
Thursday reported a 108% rise in first-quarter profit despite
challenges from U.S. tariff policies.
Net profit attributable to shareholders was $505 million,
above the consensus estimate of $307.7 million.
Overall revenue at the world's largest personal computer
maker for the three months ended June 30 climbed 22%
year-on-year to $18.8 billion , ahead of analysts' expectations
of $17.4 billion, according to LSEG data.
The U.S. and China have extended a tariff pause for
another 90 days, averting triple-digit duties on each other's
goods and offering temporary relief to businesses on both sides.
Despite the truce, Chinese exports to the U.S. -
including PCs - currently face a 30% levy, while U.S. exports to
China face a 10% tariff.