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Lenovo sales up 31%, profits fall on acquisition costs

2015-02-03 08:34:00| Telecompaper Headlines

(Telecompaper) Lenovo reported revenues for its fiscal third quarter of USD 14.1 billion, up 31 percent year-on-year. Adjusted pretax profit, excluding costs for the company's takeovers of Motorola Mobility and IBM's x86 server business, rose 8 percent to USD 348 million. Including these costs, net profit for the three months to December fell 5 percent to USD 253 million. PCs accounted for 65 percent of the company's revenue, down from 81 percent a year ago, while Mobile delivered 24 percent and Enterprise contributed 9 percent. Lenovo shipped 16 million PCs in the quarter, up 4.9 percent year-over-year. Motorola shipped over 10 million phones, more than double the year-earlier period, and contributed USD 1.9 billion to Lenovo's total USD 3.4 billion in mobile revenues.

Tags: sales fall costs acquisition

 

Koss Corp. sees sales, profits grow after months of disappointing returns

2015-01-30 20:15:07| Electronics - Topix.net

Milwaukee-based Koss Corp. experienced what its leaders hope is the start of a turnaround in sales and profits for its second quarter. Sales numbers sounded a little sweeter at Koss Corp. in the second quarter, the first uptick in more than a year for the Milwaukee stereo headphone firm.

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Herman Miller's consumer sales bolster 2nd quarter profits

2014-12-17 23:58:49| Furniture - Topix.net

Herman Miller Inc. said Wednesday that its second first-quarter profit was $27.8 million, helped by a recent acquisition. The Zeeland-based furniture maker acquired retailer Design Within Reach Inc. in July.

Tags: sales consumer 2nd quarter

 

Brown-Forman sees H1 sales, profits increase

2014-12-03 14:43:00| Daily beverage news and comment - from just-drinks.com

Brown-Forman has reported a single-digit rise in first-half net profits and sales, despite a "tough trading environment" in the period.

Tags: sales increase sees profits

 

Laurent-Perrier posts H1 profits, sales boost

2014-12-03 13:24:00| Daily beverage news and comment - from just-drinks.com

Laurent-Perrier has continued its strong start to the fiscal year as profits and sales climbed on demand from outside Europe and the performance of its Salon brand.

Tags: sales posts boost profits

 

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