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China Earnings Analysis: 
Lenovo Group Sales Up 33%
Author: Trupti Mehta
123jump.com
Last Update: 7:51 AM ET February 04 2010


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Lenovo Group Limited third quarter revenues rose 33% to $4.8 billion and net profit was $80 million or 86 cents a share.

 
8:50PM Hong Kong, China - Lenovo Group Limited revenues rose 33% and net profit was $80 million.

Lenovo Group Limited, the maker of personal computers reported third quarter revenues rose 33% to $4.8 billion from $3.6 billion a year ago. Net profit in the quarter was $80 million or 86 cents per diluted share compared to net loss of $97 million or 1.09 cents per share a year ago.

Lenovo Group Limited, in the last one year traded as high as HK$6.03 in January 2010 and as low as HK$1.32 in March 2009. Based on the yesterday’s closing price of HK$5.66 the company has market cap of HK$53.61 billion.
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