Economy
PC maker Lenovo says 2010 profit doubles
(Agencies)
Updated: 2011-05-26 17:22
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BEIJING?- Lenovo Group, the fourth-largest personal computer maker, says its 2010 profit more than doubled as global demand rebounded.
Lenovo said Thursday it earned $273 million last year, or $2.73 per share. Global sales rose 30 percent to $21.6 billion.
The company said the growth was driven by strong demand in China and other emerging markets and a revival in demand by companies that put off buying new computer equipment following the 2008 global crisis.