Shares of Lenovo (0992) on Thursday once slid 4.8 percent after reporting a 1.1 percentage points decline in gross margin for the full year ended March.
For the year, the firm said its net profit rose 37 percent from a year ago to US$1.38 billion (HK$10.76 billion), thanks to robust sales growth.
However, it reported a 64 percent decline in fiscal fourth-quarter profit to US$90 million, well short of analysts' estimate of US$225.8 million, which it said was mostly due to a non-cash decline in the value of warrants.
The world's largest personal computer manufacturer declared a final dividend of 30.5 HK cents per share.
For the fiscal year, revenue amounted to US$69.08 billion, up 21.5 percent year-on-year, marking its second highest annual revenue. The gross margin dropped 1.1 percentage points to 16.1 percent from a year ago.
For the quarter ended March, it reported revenue of US$16.98 billion, up 23 percent year-on-year and exceeding analysts' expectations of US$15.6 billion, LSEG data showed.
STAFF REPORTER AND REUTERS
