Lenovo (A Chinese company), the world's fourth-biggest personal computer maker, has released its third quarter results. The company has reported a loss in its third straight quarter.
Consider these:
Loss reported in the Apr-Jun 2009 quarter______________ $16m (£9.4m)
Loss reported in the Jan-Apr 2009, Oct-Dec 2008, Aug-Oct 2008 quarters.
Profit reported in the Apr-Jun 2008 quarter______________$18.7m (£110m )
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Sales in Apr-Jun 2009___________$3.5bn
Sales in Apr-Jun 2008___________$4.4bn
Decline in sales compared to the Apr-Jun 2008 quarter(YoY)_________ 20 Percent --------