EN: Lenovo achieved double-digit market share worldwide
Lenovo Group reported results for its first fiscal quarter ended June 30, 2010, and for the third quarter in a row, Lenovo marked results as the fastest growing of the top five PC manufacturers. During the first quarter, Lenovo reports for the first-time ever, double-digit market share worldwide, and recorded its lowest-ever quarterly expense-to-revenue ratio.
During the first fiscal quarter, Lenovo's worldwide PC shipments increased 48.1% year-over-year, compared to the industry's growth rate of approximately 20.9% worldwide for the same period. Consolidated sales for the first fiscal quarter increased 49.6% year-over-year to US$5.1 billion. The Company's gross profit for the quarter increased 38.6% year-over-year to US$523 million, with gross margin at 10.2%.
Operating profit for the first fiscal quarter was US$82 million (excluding a US$1 million restructuring cost), a five times improvement over the same period last year. Lenovo reported a first quarter pre-tax income of US$75 million. Profit attributable to equity holders for the quarter was US$55 million, a US$71 million improvement year-over-year. Basic earnings per share for the first fiscal quarter was 0.57 US cent, or 4.43 HK cents. Net cash reserves as of June 30, 2010 totaled US$2.2 billion.
Comments
You have to login to comment! If you do not have an account you can register here !