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Hongkong Earnings Analysis: 
Lenovo Group Sales Up
Author: Trupti Mehta
123jump.com
Last Update: 7:41 AM ET May 27 2010


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Lenovo Group Limited reported fiscal year 2010 revenues rose 11.4% to $16.6 billion and net profit was $129.4 million or 1.33 cents a share.

 
7:40 PM Hongkong, China - Lenovo Group Limited revenue rose 11.4% and net profit was $129.4 million.

Lenovo Group Limited, the maker of personal computers reported fiscal year 2010 revenues rose 11.4% to $16.6 billion from $14.9 billion a year ago. Net profit in the quarter was $129.4 million or 1.33 cents per diluted share compared to net loss of $226.4 million or 2.56 cents per share a year ago

Lenovo Group Limited, in the last one year traded as high as HK$6.34 in January 2010 and as low as HK$2.56 in May 2009. Based on the yesterday’s closing price of HK$4.78 the company has market cap of HK$45.50 billion.
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