Archive for February 4th, 2010

Lenovo’s third-quarter net profit 80 million U.S. dollars

Thursday, February 4th, 2010

Lenovo Group (0992.HK) 2 Yue 4 released its results for the fourth quarter of 2009. Lenovo’s fourth-quarter earnings momentum to continue to extend the third quarter, the company pre-tax profit of 9,400 million, profit attributable to shareholders 8,000 million, compared with a loss of 9,700 million U.S. dollars last year have increased dramatically.

Lenovo to sell part of the quarter on investment income of 4,300 million U.S. dollars to help the more profit the previous quarter have improved significantly. Meanwhile, the company’s fourth-quarter operating profit of 9,900 million U.S. dollars, is twice the operating profit last quarter. Basic earnings per share of 0.86 cents, or 6.67 HK cents.

Lenovo’s consolidated sales of 4.8 billion U.S. dollars, up 33%. Among them, notebook computer business selling 3 billion U.S. dollars, up 46% of total sales accounted for about 62%; desktop computer sales 1.7 billion U.S. dollars. Company’s market share for the third consecutive quarter of record, reaching 9%.

Sub-regional perspective, China, Lenovo’s fourth quarter sales of 2.3 billion U.S. dollars, up 45%, accounting for 47% of the Group’s total global sales. Group’s total sales volume in China increased by 54% from a year earlier. The Lenovo sales in emerging markets, to 8.57 billion U.S. dollars, an increase of 53%, accounted for 18% of total global sales. Period, Lenovo’s total sales in the region increased 52% compared to same period last year.

Lenovo Chairman Liu said: “The Board of Directors with particular satisfaction in this quarter, Lenovo’s performance. We have started to deploy in the future business model, technology, management innovation, combining development strategy.’s Global popularity of mobile Internet, the three networks (telecommunication network, radio and television network and the Internet) to promote integration of the Chinese government under the standard-setting, for the personal computer industry, in particular, Lenovo, a huge space for development. ”

Lenovo CEO Yang said, “the next few quarters, we will continue to expand our personal computer business, while focusing on the growth of mobile Internet grasp the opportunity to make our innovations by the market returns.”

Lenovo Group, announced last year to 200 million U.S. dollars in cash and Lenovo’s shares to investors led by Hony some investors buy Lenovo Mobile Communication Technology Co., Ltd. All rights fully into the mobile Internet market.