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LENOVO GROUP Once Sags 4%+ after Midday; 4FQ NP Dives 64%
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LENOVO GROUP (00992.HK) announced at noon today (22nd) its full-year results for the period ending March 31. The stock was squeezed in the afternoon, nosediving as much as 4.4% to bottom at HK$9.67. It last posted at HK$9.77, down 3.46%, with 40.1874 million shares traded, amounting to HK$397 million.

For the final fiscal quarter, the group’s total sales reached approximately US$16.984 billion, up 22.8% YoY. Profit attributable to equity holders of the Company sagged 63.7% YoY to approximately US$90 million, primarily due to non-cash fair value loss on warrants; excluding non-cash charges, non-HKFRS profit attributable to equity holders increased by 24.7% to US$278 million.

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