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Lenovo's Profit Soars More Than Fivefold in Q4

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Lenovo (HKG:0992) recorded a 479% jump in profit attributable to equity holders in the fourth fiscal quarter to $521 million from $90 million in the year-ago period, according to a Friday filing with the Hong Kong bourse.

Earnings per share were $0.0380 in the three months ended March 31, up from $0.0071 in the corresponding period last year, versus the Visible Alpha consensus estimate of $0.03 per share.

The PC maker's revenue rose 27% to $21.6 billion in the quarter from $17 billion a year earlier. Analysts polled by Visible Alpha were expecting revenue of $19.6 billion.

For the year ended March 31, profit attributable to equity holders rose 38% to $1.91 billion from $1.38 billion a year earlier, while earnings per share increased to $0.1391 from $0.1062.

The Visible Alpha consensus estimate for full-year earnings per share was $0.13.

Full-year revenue increased 20% to $83.1 billion from $69.1 billion a year earlier. Analysts polled by Visible Alpha were expecting revenue of $80.9 billion.

The board recommended a final dividend of HK$0.337 per share for the year, payable on Aug. 19 to shareholders on record as of Aug. 7, subject to shareholder approval at the July 23 annual general meeting.

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