Profits grew more than 600 percent in Lenovo Group's latest fiscal year. Lenovo is the world's No. 4 personal computer maker, with its biggest market in China. It faces stiff competition from Dell Co., Hewlett-Packard Co. and Taiwanese rival Ace Inc.
May 24, 2008 at 12:00 AM
1 minute read
Lenovo Group Ltd., the world’s No. 4 personal computer maker, said Wednesday its profits grew more than 600 percent in its latest fiscal year as it boosted sales and restructured following its acquisition of IBM Corp.’s PC unit.
Profits were $161 million for the year ending March 31, the Beijing-based company said. That was up from $22 million in the 2005-06 fiscal year.
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