Lenovo back on the growth track

PC giant sees no long-term impact on profits from US tax reform

Despite achieving a three-year revenue high in the last quarter, Lenovo Group Ltdthe world's second-largest personal computer maker - posted a loss due to a one-off charge of $400 million resulting from a United States tax reform, the company said on Thursday.

Yang Yuanqing, CEO and chairman of Lenovo, said the Beijing-based company has moved back onto the growth track, and the US corporate tax reform would not have negative impact on future earnings of its operations in the country.