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Lenovo aims to maintain gross profit margin
Source: Agencies |
November 15, 2011, Tuesday
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Print Edition
Print Edition
LENOVO Group Ltd, the world's No. 2 PC brand, aims to maintain its gross profit margin in coming quarters despite floods in Thailand disrupting hard disk drive supplies, its chief financial officer said yesterday.
Floods in Thailand have killed at least 562 people since late July, causing billions of dollars in damage and disrupting international supply chains for industries such as PCs and autos.
PC shipments may be crimped by a fifth in the first three months of 2012, hurt by the shortage of hard disk drives after the Thailand floods, technology research firm IDC said last week.
"We will try to manage the cost situation on one hand and are very confident that we will outgrow the market. At the same time we will make sure that it will not have a significant impact on profitability," Wong Wai Ming told the Reuters China Investment Summit in Hong Kong.
In the second quarter ended September, Lenovo's gross profit margin was 12.2 percent, easing from 12.5 percent in the first quarter, data showed.
"We want to hold if not improve our gross margin," Wong said.
Floods in Thailand have killed at least 562 people since late July, causing billions of dollars in damage and disrupting international supply chains for industries such as PCs and autos.
PC shipments may be crimped by a fifth in the first three months of 2012, hurt by the shortage of hard disk drives after the Thailand floods, technology research firm IDC said last week.
"We will try to manage the cost situation on one hand and are very confident that we will outgrow the market. At the same time we will make sure that it will not have a significant impact on profitability," Wong Wai Ming told the Reuters China Investment Summit in Hong Kong.
In the second quarter ended September, Lenovo's gross profit margin was 12.2 percent, easing from 12.5 percent in the first quarter, data showed.
"We want to hold if not improve our gross margin," Wong said.
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