Lenovo increased its net profit by 36%
Manufacturer of personal computers Lenovo Group today reported a 36% rise in profits in the last quarter, and also confirmed the previously announced annual forecast of the financial results of the company against the improving sales of personal computers Lenovo. Analysts said the rise Lenovo profit comes amid growing concerns in the bright future of the PC industry. Most of the manufacturers of traditional PCs and laptops now feel a significant fall in both the finance and the number of vehicles sold to customers. In Lenovo said that to deal with falling sales the company develops smartphone business and trying to sell their own smart phones, not only in China but also outside it.
Lenovo today announced that in the past quarter, the company reported net income of $ 219.7 million dollars that could be achieved through tighter cost controls and strong sales in the Chinese market is a stable generator of cash in the last four years, but then the yield is very low - in the last quarter margin was 6.8%, compared to 6% a year earlier. At the same time, the manufacturer recorded a drop in sales in North America and Latin America. Overall revenue increased by 13% to 9.77 billion U.S. dollars against 8.67 billion dollars a year earlier. Speaking about the company's smartphone business, it is for the year grew by 78% in the quarter, the company sold 12.3 million smartphones. Outside of the PRC company now sells its devices in a number of countries in Asia, Indonesia, Latin America, Russia, Middle East and Africa. In 2014, the company intends to enter the U.S. market.
.jpg)
