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Lenovo profits soar

Patrick Ernst

13 Fold? 

Posted Thursday 2nd August 2007 13:22 GMT

13 fold != 13 percent

2 fold = times 2, 3 fold = times 3. At least that's what I got taught.

sleepy

In UK speech . . . 

Posted Thursday 2nd August 2007 14:32 GMT

That's sales up 13%, profits up 13-fold. Article misread, not mis-written, Patrick Ernst.

Kelly Fiveash

13-fold does not relate to the 13 per cent figure 

Posted Thursday 2nd August 2007 14:37 GMT

(Written by Reg staff)

This should already be clear from the story, but just to repeat:

The 13 per cent figure refers to Lenovo's total Q1 revenue.

The 13-fold increase is the firm's net income which now stands at $66.8m, up from last year's $5.2m.

Patrick Ernst

This why I'm not an accountant 

Posted Friday 3rd August 2007 08:57 GMT

"net income for the three months ended 30 June had leapt to $66.8m, or 0.74 cents a share, from $5.2m"

Yup. finally got the right info - embedded in the story, where you actually have to *read* it. :-)