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NEWS: Lenovo moves into the black

Discussion in 'IBM Thinkpad' started by John Navas, Aug 6, 2006.

  1. John Navas

    John Navas Guest

    <http://www.theregister.com/2006/08/04/lenovo_q1_2007_earnings/>

    Lenovo bounced back into the black in Q1 -- just. But a slump in
    European sales took the shine off an otherwise reasonable quarter for
    the world's number three PC maker.

    Lenovo turned over $3.5bn for the quarter ended 30 June, from which
    it squeezed a teeny net profit of $5m. Strip out restructuring
    charges, and pre-tax income was $34m. Last quarter the company lost
    $118m.

    [MORE]
     
    John Navas, Aug 6, 2006
    #1
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