Lenovo sees sales grow 15% to US$5.92bn in fiscal Q1

Thursday, August 18, 2011

Chinese PC manufacturer Lenovo grew sales 15% year-over-year to US$5.92bn during the first quarter of fiscal 2012, ended June 30, according to financial results released by the company.

The company's profit attributable to equity holders jumped 98% to US$108mn for 1Q12, compared to US$55mn for the same period in fiscal 2011.

Lenovo's consolidated sales in emerging markets - including Latin America - totaled US$1bn for the first fiscal quarter, or 17.5% of the company's worldwide sales.

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According to the statement, Lenovo's Laptop computers continued to be the largest contributor to the company's sales worldwide, generating 59.8% of the total sales revenue.

Consolidated sales for Lenovo's laptop PC business worldwide in the first fiscal quarter totaled US$3.5bn, a 14% increase year-over-year.

In its first full quarter of operations, Lenovo's mobile internet digital home (MIDH) business group helped the company achieve a 34% year-over-year increase in total handset shipments, including smartphones and feature phones.

Use this link to view the full results.