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Lenovo Q4 revenues fall 19% after drop in smartphone sales
2016-05-26 11:56:00| Telecompaper Headlines
(Telecompaper) Lenovo reported revenues for its fiscal fourth quarter to March down 19 percent year-on-year to USD 9.133 billion, as the company suffered from the slowdown in the PC market and falling mobile phone sales. Operating profit still improved, by 95 percent to USD 248 million, thanks to restructuring and cost-cutting efforts, and net profit was up 80 percent to USD 180 million. The company maintained its dividend at HKD 0.25 per share. The group shipped 10.9 million smartphones in the quarter and 66.1 million over the full year, down 13 percent. Lenovo said that while it achieved its goal of mobile profitability within 18 months of the acquisition of Motorola Mobility, the "integration efforts did not meet expectations". In particular, China shipments declined 85 percent, as the company failed to keep up with the shift to open-market sales and competition from premium brands business. In North America it also suffered from a poor product transition, missing the key year-end sales window for new products.
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Latest smartphone sales data is grim news for Windows Phone, BlackBerry Priv
2016-05-24 20:24:16| Extremetech
The latest smartphone sales reports are grim news for both Microsoft and BlackBerry. Sales of both company's mobile products have fallen off a cliff, with sharp declines in purchasing over the past year, despite major launches from both firms.
Champagne Nicolas Feuillatte toasts sales, profits rise
2016-05-24 14:02:00| Daily beverage news and comment - from just-drinks.com
Centre-Vinicole Champagne Nicolas Feuillatte has reported an increase in sales and operating profits for calendar 2015.
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champagne
Home sales dive on stamp duty changes
2016-05-24 11:26:48| BBC News | Business | UK Edition
The number of UK properties sold nearly halved between March and April, HMRC figures show, as changes to stamp duty were introduced.
Kingfisher shares rise on 'solid' sales
2016-05-24 09:47:25| BBC News | Business | UK Edition
The FTSE 100 falls, but shares in Screwfix and B&Q owner Kingfisher rise 2% after it reports an increase in first-quarter sales to 2.7bn.
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