Cairo – Mubasher: Lenovo Group's market share in Egypt has reached 31.8%, coming in the first position for the eighth quarter in a row, Egypt and LEVANT Country Manager, Ola El-Dib, said.

“We also continue our plans to expand our footprints in upper Egypt, Suez Canal, and Port Said in the near future due to the high demand on tablets and PCs,” El-Dib added in a statement on Monday.

The group also says it is focused on the 3S, or the smart IoT, smart infrastructure, and smart solutions, the General Manager for Egypt, Jordan, Lebanon, and North Africa, Rony Mezeraani, said.

During the fiscal year (FY) ended 31 March, the group’s revenue surged above $60 billion, up by more than $10 billion year-on-year (YoY), Mezeraani revealed.

The group registered pre-tax income of $1.8 billion and net income of $1.2 billion, both up more than 70% YoY.

During the fourth quarter (Q4) of FY20/21, Lenovo’s net income jumped by 512% to $260 million, while revenue grew by 48% to $15.6 billion and pre-tax income increased by 392% to $380 million.