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Global Restructuring

Global Restructuring

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Lenovo finally swung to a profit of 53.08 million dollars in the second quarter.
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Yeung in the implementation of the reorganization plan six months later, Lenovo Group (00992.　　HK) finally turned a profit in the second quarter of fiscal year 2009/2010 and achieved 53.08 million dollars.　　In the quarter, Lenovo's global PC sales rose 17% per cent year-on-year, while overall market sales rose 2.3% per cent over the same period. Lenovo's CEO, Yang, told CBN reporters yesterday that Lenovo would continue to implement the global restructuring plan announced earlier this season to enhance its cost competitiveness and operational efficiency.　　The restructuring plan is expected to save about 300 million dollars for the group's annual operating rate. The ...

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