HKEX | 992
Lenovo turning from loss to profit of nearly US$600 million last year
Lenovo (992) announced its full-year results as of the end of March, with revenue growth of 13% to USD 51.038 billion during the period; turning from loss to profit of USD 597 million, compared with a loss of USD 127 million for the same period of last year; Earnings per share were USD 5.01 cents; the final dividend is HKD 21.8 cents.
During the period, the personal computer and smart device business, as well as the data center group scored record revenue and it’s increased total revenue of the group. Gross profit increased by 18% year-on-year to USD 7.371 million. Gross profit margin increased by 0.6 percentage points to 14.4%, largely attributable to margin expansion of its personal computers and smart device business, as well as mobile business.
In the fourth quarter of the fiscal year alone, revenue increased 10% to USD 11.71 billion, gross margin increased by 1.7 percentage points to 16.2%; net profit increased by 176% to USD 134 million, and earnings per share were USD 1 cent.