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(From SinoCast China Business Daily News)
CHINA, August 24, SinoCast -- Lenovo, a large electronics company in China, announced its financial report of the first quarter of its 2004-2005 fiscal year.
Its mobile phone business made profit for the first time.
The turnover of Lenovo Mobile, the mobile phone division of Lenovo jumped by 61.3 percent, and the sales grew by 150 percent from the same period of last year.
Additionally, the before-tax profit kept an increasing growth of 25 percent.
Lenovo mobile phones sold well in July, 7 percent up from June.
It is a good result in home mobile phone makers, said Liu Zhijun, …