Lenovo FY Net Profit Surges 73%

Lenovo Group Ltd

reported a 73% surge in its fiscal year net profit. Lenovo's net profit for the period climbed to US$472.99 million, from US$273.2 million, in the year-ago period. Its revenue gained 37% to US$29.6 billion, versus US$21.6 billion. Lenovo also declared a final dividend of HK$0.10 for its last fiscal year, versus HK$0.05, in the year-ago period. Lenovo shares closed at $17.56 yesterday.