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Solid sales lift profit at Lenovo by 45%
Source: Agencies |
November 11, 2010, Thursday
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Print Edition
Print Edition
LENOVO Group, the world's fourth-largest personal computer maker, yesterday said its latest quarterly profit rose 45 percent on strong sales in China and other emerging markets.
Profit for the three months ended September 30 was US$77 million, or 81 cents per share, up from US$53 million a year earlier, the Chinese company said. Global sales jumped 41 percent over a year earlier to US$5.8 billion.
"We had another quarter of solid growth across all geographies," Chief Financial Officer Wong Wai-ming said in a conference call with reporters.
Sales in Lenovo's home market rose 32 percent over a year earlier to US$2.6 billion, accounting for 46 percent of global revenues. Its market share in China rose 2.3 percentage points to 28.8 percent.
In other emerging markets, PC shipments surged 185 percent in Russia over a year earlier, 68 percent in Latin America and 60 percent in India, according to Lenovo, which has headquarters in Beijing and in Research Triangle Park, North Carolina.
Profit for the three months ended September 30 was US$77 million, or 81 cents per share, up from US$53 million a year earlier, the Chinese company said. Global sales jumped 41 percent over a year earlier to US$5.8 billion.
"We had another quarter of solid growth across all geographies," Chief Financial Officer Wong Wai-ming said in a conference call with reporters.
Sales in Lenovo's home market rose 32 percent over a year earlier to US$2.6 billion, accounting for 46 percent of global revenues. Its market share in China rose 2.3 percentage points to 28.8 percent.
In other emerging markets, PC shipments surged 185 percent in Russia over a year earlier, 68 percent in Latin America and 60 percent in India, according to Lenovo, which has headquarters in Beijing and in Research Triangle Park, North Carolina.
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