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Home >> Business
UPDATED: 08:36, August 11, 2005
Lenovo's first quarter profit up 6 pct
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Hong Kong-listed Lenovo, the biggest computer maker in China, recorded an attributable profit of 357 million HK dollars (45.77 million US dollars) during the April-June quarter, an increase of 6 percent compared to the prior year's comparable period.

Lenovo announced on Wednesday that in the first fiscal quarter, it's consolidated turnover increased 234 percent year-to-year to 19.6 billion HK dollars (2.51 billion US dollars).

"We are very pleased with new Lenovo Q1 performance. In our Chinese mainland PC business, we achieved rapid growth as a result of the business transformation initiated last year." said Yuanqing Yang, chairman of Lenovo.

"Our mobile handset unit delivered strong and profitable growth, and, more importantly, the acquired PC business was profitable worldwide," Yang said.

Yang said he was optimistic about the company's future as "we move forward with important growth initiatives, such as transplanting our successful PC business template in mainland into other emerging market."

Source: Xinhua


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