Menu
Lenovo's NZ sales surge as tax, exchange rates lower profit

Lenovo's NZ sales surge as tax, exchange rates lower profit

Notebooks are Lenovo NZ's top sales category by a mile

Credit: Lenovo

Lenovo's New Zealand sales surged in the year ended 31 March, 2019, but tax and exchange rate changes took a chunk out of the company's bottom line.

Revenue grew from $80.6 million to $91.3 million while net profit after tax fell from $1.6 million to $188,449.

Profit before tax, however, lifted from $228,706 to $486,154 even as cost of sales increased year-on-year from $76.5 million to $86.1 million.

Lenovo's NZ PCs and smart devices (PCSD) business delivered an exceptionally strong performance with 13.3 per cent growth in top line revenue, standing at $91.4 million [includes interest earned].

Lenovo NZ's top three category earners were notebooks, delivering $52.7 million followed by desktops at $13.6 million with workstations contributing $6 million.

Lenovo ANZ reported sales increased from A$729 million to A$799 million for the same period and a similar lift in profit before tax as seen in New Zealand. 

However, also as seen in NZ, profit after tax fell, from A$12.8 million to A$3.7 million.


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags New ZealandLenovofinancial statements

Brand Post

Featured

Slideshows

Reseller News Platinum Club celebrates leading partners in 2019

Reseller News Platinum Club celebrates leading partners in 2019

The leading players of the New Zealand channel came together to celebrate a year of achievement at the annual Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months.

Reseller News Platinum Club celebrates leading partners in 2019
Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosts alumnae breakfast for Women in ICT Awards

Reseller News hosted its second annual alumnae breakfast for the Women in ICT Awards in New Zealand, designed to showcase the leading female leaders in the industry. Held at The Cordis in Auckland, attendees came together to hear inspiring keynotes and panel discussions, alongside high-level networking among peers. Photos by Gino Demeer.

Reseller News hosts alumnae breakfast for Women in ICT Awards
Reseller News Innovation Awards 2019: meet the winners

Reseller News Innovation Awards 2019: meet the winners

Reseller News honoured the standout players of the New Zealand channel in front of more than 480 technology leaders in Auckland on 23 October, recognising the achievements of top partners, emerging entrants and innovative start-ups.

Reseller News Innovation Awards 2019: meet the winners
Show Comments