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<Results>LENOVO GROUP 3FQ Adj. NP Rises 36% to USD589M; Revenue Up 18% to Record High
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LENOVO GROUP (00992.HK) announced its third fiscal quarter results ending last December. Revenue mounted 18% YoY, reaching a record USD22.2 billion. All three business groups’ revenue achieved double-digit YoY growth. Net profit dropped 21% YoY to USD546 million, with an EPS of US4.44 cents. The gross margin decreased by 0.6 ppts to 15.1%. During the period, under non-HKFRS, excluding the impact of one-time restructuring charges, non-cash fair value gain on warrants, notional interest on convertible bonds, and other non-cash items, the adjusted net profit lifted 36% YoY to USD589 million. AASTOCKS Financial News Website: www.aastocks.com |
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