Consumer China

Lenovo Group (0992:HKG)

  • Published 10 Dec 2009

The computer manufacturer's pursuit of lower tier regions has so far come at the cost of margins.

Recent financials:Net profits of the computer manufacturer hit $53m (Rmb 362m, €35.8m, £32.4m) during its fiscal Q2 ending September 2009, up 126% year on year, while revenues hit $4.1bn down 5.25% year on year, though up 19% on a quarterly basis. First half revenues were down 11.5% year on year to reach $7.6bn, while net profits hit $37m, down 72.32% following a $16m loss in the first fiscal quarter.