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China Earnings Analysis: 
Lenovo Group Net Loss
Author: Trupti Mehta
123jump.com
Last Update: 6:31 AM ET May 22 2009



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Lenovo Group Limited fourth quarter revenues fell 26% to $2.77 billion and net loss was $264 million or $2.98 a share.

 
10:00AM Hongkong, China - Lenovo Group Limited revenue fell 26% and net loss was $264 million.

Lenovo Group Limited, China’s biggest maker of personal computers reported fourth quarter revenues fell 26% to $2.77 billion from $3.73 billion a year ago. Net loss in the quarter was $264 million or $2.98 per diluted share compared to net profit of $140 million or $1.44 per share a year ago.

Sales for the fiscal year 2008 fell 9% to $14.9 billion from $16.4 billion a year ago. Net loss in the year was $226.39 million or $2.56 per diluted share compared to net profit of $484 million or $5.06 per share a year ago.

Lenovo Group Limited, in the last one year traded as high as HK$6.75 in May 2008 and as low as HK$1.32 in January 2009. Based on the yesterday’s closing price of HK$2.80 the company has market cap of HK$25.79 billion.
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Market data: BATS Exchange. Inc.

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