Lenovo reports $226.4m annual loss
HONG KONG: China's Lenovo, the world's fourth largest maker of personal computers, on Thursday reported a net loss of 226.4 million US dollars in the 2008-09 fiscal year citing structural changes and weak sales.
The company also reported a fourth quarter net loss of 264 million US dollars compared with a net profit of 140 million in the same period a year earlier. The company reported a 484.3 million dollar profit for 2007-08.
Revenue fell to 14.90 billion dollars for the full year, down from 16.35 billion dollars in the previous year.