Lenovo Delivers Strong Q3 Profit

     

LENOVO GROUP

FINANCIAL SUMMARY

For the fiscal quarter ended December 31, 2015

(in US$ millions, except per share data)

 
 
Q3 15/16

Q3

14/15


Y/Y CHG
Revenue 12,913 14,092 -8%
Gross profit 1,885 2,097 -10%
Gross profit margin 14.6% 14.9% -0.3 pts
Operating expenses (1,506) (1,772) -15%
Expenses-to-revenue ratio 11.7% 12.6% -0.9 pts
Operating profit 379 325 17%
Other non-operating expenses (59) (51) 16%
Reported pre-tax income 320 274 17%
Pre-tax income (*excluding non-cash M&A related accounting charges) 397 348 14%
Taxation (26) (17) 50%
Net profit for the period 294 257 14%
Non-controlling interests 6 (4) N/A
Profit attributable to equity holders 300 253 19%
Earnings Per Share (US cents)
Basic
Diluted

2.71

2.70

2.32

2.30

0.39

0.40


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