February 16, 2017 / 6:54 AM / 10 months ago

Lenovo sees mobile unit turnaround by 2nd half of next fiscal year

HONG KONG, Feb 16 (Reuters) - Lenovo Group Ltd Chairman Yang Yuanqing on Thursday said the company was on track to turn around its mobile phone business in the October-December quarter of 2017, or by the end of the business year through March 2018 at the latest.

Yang, speaking to Reuters after the company posted a 67 percent drop in third-quarter profit, also said he was not considering spinning off the mobile unit or privatising the group. (Reporting by Sijia Jiang; Editing by Anne Marie Roantree)

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