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Lenovo reports 54% growth in fiscal Q3 net profit

Feb. 9, 2012 (China Knowledge) - Lenovo Group Ltd<0992>, the world's second-largest PC maker, today reported a better-than-expected net profit of US$153.46 million for the quarter ended Dec. 30, sources reported.

The fiscal Q3 net profit was 54% more than the US$99.65 million in the same period of 2010, boosted by a significant increase in PC shipments.

The company's revenue rose 44% year on year to US$8.37 billion during the period from October to December.

In the fiscal third quarter, the company's PC shipments reached 12.5 million units, thus making the firm surpass Dell to become the world's second-largest PC brand.

However, Lenovo warned that its PC shipments in the fourth quarter could be affected by the recent floods in Thailand and a worldwide shortage in hard disk drives.

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