Lenovo Group (00992) 3Q profit up 19% to US$300m

    Lenovo Group (00992) said its profit attributable to equity holders for the third quarter ended 31 December 2015 rose 18.6% year-on-year to US$300 million.
  Basic and diluted earnings per share were US2.71 cents and US2.7 cents.
  The revenue was US$12,913 million, a decrease of 8.4% from a year earlier. Excluding currency impacts, the revenue decrease would be 2% compared to the same quarter last year.
  For the nine months ended 31 December 2015, Lenovo reported a net loss of US$308 million, as compared to the profit of US$729 million for the same period in 2014.
  The Group's gross profit for the third quarter was US$1,885 million, a decrease of 10% year-on-year, while gross margin decreased 0.3 percentage point year-on-year to 14.6% largely due to the revenue decline.
  The Group's global PC unit shipments declined 4% year-on-year to 15.4 million, against market decline of 11%. Lenovo's market share continued to increase, and its worldwide PC market share reached another record-high level of 21.6% for fiscal quarter three, an increase of 1.5 percentage points year-on-year, according to the preliminary industry estimates. The business group also recorded a pre-tax income of US$405 million, down 18% year-on-year.
  The Group's worldwide smartphone shipments declined 18% year-on-year but increased 7 percent quarter-by-quarter to 20.2 million. Lenovo's market share in the worldwide smartphone market decreased by 1.5 percentage points year-on-year to 5.1%, however the Group maintained its number four position worldwide in fiscal quarter three, according to the preliminary industry estimates.