Lenovo Q1 2008 Net Profits Up 65%
Sina Tech, 8/07/08
Chinese PC and laptop manufacturer Lenovo (0992.HK) has announced its results for the first quarter ended June 30, 2008.
Consolidated sales revenue from its continuing operations (not including its mobile phone business) grew 10% YoY to USD 4.2 bln. The group's gross profit margin also reached 14.1%.
Pre-tax income from continuing operations reached USD 137 mln, and profits attributable to shareholder grew 65% to USD 110 mln.
Global personal computer sales grew by 14.6% during the quarter, a rate on par with the market average.
Lenovo Greater China posted USD 1.7 bln in consolidated sales in the first fiscal quarter, up 22%, with growth of 17% in PC shipments
The Americas accounted for USD 1.1 bln in consolidated sales, or 26% of total sales.
Consolidated sales in Asia Pacific totaled USD 497 mln in the first quarter, or 12% of total sales.
As of June 30, 2008, the Lenovo Group had capital reserves of USD 1.8 bln.
Keywords: fiscal report 0992.HK computer hardware Lenovo profit Q1 2008 revenue
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