Lenovo says 3Q profit up by half on strong sales
Associated Press, Hong Kong | Thu, 02/09/2012 9:41 AM
Stay strong: In this photo taken Aug. 11, 2010, a Chinese worker labors at a production line at the factory of Lenovo Electronic Technology Co., Ltd. in Shanghai. (AP/Eugene Hoshiko)Computer maker Lenovo Group Ltd. says quarterly profit grew by more than half on strong sales across its all its main markets.
The company said Thursday that net income rose to $153 million, or $1.46 per share, in the October-December period, up 54 percent from the same period the year before.
Sales jumped 44 percent to a record $8.4 billion as its share of the global personal computer market hit a high of 14 percent.
Lenovo posted strong sales growth in China and emerging markets. But it said strongest sales growth came in mature markets, helped partly by new joint ventures with NEC in Japan and Medion in Germany that were completed in July.
