DV Hardware bringing you the hottest news about processors, graphics cards, Intel, AMD, NVIDIA, hardware and technology!

   Home | News submit | News Archives | Reviews | Articles | Howto's | Advertise
 
DarkVision Hardware - Daily tech news
December 9, 2016 
Main Menu
Home
Info
News archives
Articles
Howto
Reviews
 

Who's Online
There are currently 97 people online.

 

Latest Reviews
Zowie P-TF Rough mousepad
Zowie FK mouse
BitFenix Ronin case
Ozone Rage ST headset
Lamptron FC-10 SE fan controller
ZOWIE G-TF Rough mousepad
ROCCAT Isku FX gaming keyboard
Prolimatech Magnetic Pin
 

Follow us
RSS
 

Lenovo reports 13-fold net profit increase

Posted on Tuesday, August 07 2007 @ 10:35:55 CEST by


Chinese PC maker Lenovo announced its net profit for the first quarter has increased nearly 13-fold:
The Chinese company posted a net profit of 66.84 million US dollars in the quarter to June, compared with 5.21 million dollars a year earlier as sales soared 13 percent year-on-year to about 4.0 billion dollars.

The company said the earnings result reflects a restructuring charge of about 45 million dollars taken in the first quarter and that it has finally showed signs of growth two years since it bought the IBM's PC unit.

"In the past two years, through the formulation of the right strategy and effective execution, Lenovo's performance is showing signs of growth," said Lenovo Chairman Yang Yuanqing.

Lenovo announced in April plans to cut 1,400 jobs, or five percent of its global workforce, to improve business performance and profits as it continues to integrate IBM's PC unit.

This is expected to result in about 100 million dollars cost savings in the year to March 2008. More info at PhysOrg.


 



 

DV Hardware - Privacy statement
All logos and trademarks are property of their respective owner.
The comments are property of their posters, all the rest © 2002-2016 DM Media Group bvba