LENOVO'S PROFITS SOAR IN FIRST SIGN OF PC TURNROUND

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Lenovo yesterday said net profit rocketed for the full year, in the first sign that the Chinese computer group has begun to turn round the PC unit it acquired from IBM two years ago. Full-year profit increased 625 per cent to $161m, compared with $22m the previous year.

Lenovo completed its $1.75bn acquisition of IBM's struggling PC business in May 2005 and moved its headquarters to Raleigh, North Carolina.

“It was a solid [final] quarter and strong fiscal year by any number of measures,” said Yang Yuanqing, Lenovo chairman. “Our performance confirms we have stabilised our business worldwide.”



中国电脑企业联想(Lenovo)昨日宣布，全年净利润大幅飙升，这是表明该公司开始重振个人电脑业务的初步迹象。两年前，联想从IBM手中收购了该项业务。该公司全年利润剧增625%至1.61亿美元，上年为2200万美元。

联想于2005年5月完成了对IBM处于困境的个人电脑业务的收购，价格为17.5亿美元，并将公司总部迁往北卡罗莱纳州的Raleigh。

联想董事长杨元庆表示：“以任何标准衡量，这都是一个出色的（第四）季度和强劲的财政年度。我们的业绩表明，我们的全球业务已经启稳。”