LENOVO ISSUES FINANCIAL RESULTS OF 2004-2005 FISCAL YEAR
AsiaInfo Services, June, 2005
AsiaInfo Services 06-09-2005 Lenovo Issues Financial Results of 2004-2005 Fiscal Year BEIJING, Jun 09, 2005 (SinoCast via COMTEX) -- The world's No. 3 PC maker Lenovo plans to issue its financial results for 2004-2005 fiscal year on June 8. 17 securities companies forecast that the group's full-year profits would be between HKD 1.101 billion (USD 1 = HKD 7.78) and HKD 1.21 billion, rising 4.6% to 15%, compared with HKD 1.053 billion of the previous year. Unlike other securities firms, JP Morgan Chase rolled out the most cautious forecast, saying the computer maker's profits forthe fiscal year would reach HKD 1.101 billion, a 4.6% year-on-year growth. JP Morgan Chase also believed that it is difficult for Lenovo to achieve cost saving of USD 200 million in the...
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