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Lenovo posts 73.1% surge in net profit for FY ended Mar. 31

May. 23, 2012 (China Knowledge) - Lenovo Group Ltd<0992>, the world's second-largest PC maker, announced today that its net profit soared 73.1% YoY to US$473 million in the fiscal year ended Mar. 31, 2012.

The PC maker saw its turnover jump 37% YoY to a record US$29.57 billion in the year. Gross profit margin climbed 0.8 percentage points to 10.9% in the period.

In the four quarter, the company earned US$66.8 million, reflecting a growth of 59% YoY.

The Beijing-headquartered company's capital expenditure was US$329 million in the year, up from US$148 million in the previous fiscal year.
Lenovo proposed a final dividend of 10 HK cents.

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