Legend Holdings, China's dominant personal computer manufacturer, has posted a better-than-expected quarterly net profit despite recording its slowest-ever growth in sales volume.
Legend is also confident that China's PC market will rebound in the second half of the year after the market fully absorbs the impact of over-buying in 2000.
Pro-forma net profit rose 44.2 per cent year on year to HK$311.94 million for the three months to December 31.
Sales revenue for the quarter fell 1.6 per cent from the previous corresponding period to HK$5.18 billion.
On a nine-month basis, Legend's pro-forma net profit rose 33.9 per cent to HK$746.94 million, while turnover was up 5.8 per cent to HK$15.14 billion.
The net profit for the third quarter of the financial year to March 31 was substantially higher than a consensus by analysts of HK$219.25 million.
