News & Analysis » Asia
Lenovo Group Swings To Profit In Q1; Consolidated Sales Up 49.6% - Quick Facts
August 19, 2010, Thursday, 10:35 GMT | 05:35 EST | 15:05 IST | 17:35 SGT
(RTTNews) - Chinese PC maker Lenovo Group (LNVGY.PK) reported first quarter profit attributable to equity holders of US$55 million or US$0.54 per share, compared to a loss of US$16 million or US$0.18 per share in the year ago quarter.
Pre-tax income for the quarter US$75 million, compared to a loss of US$2 million in the previous year.
Consolidated sales for the quarter grew 49.6% to US$5.15 billion, from US$3.44 billion in the prior year quarter.
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