Source AP ©

Computer maker Lenovo reports 177 percent increase in profits

Lenovo Group announced Thursday that its profit jumped 177 percent thanks to restructuring and efforts to expand sales in the United States and Europe.

Earnings for the fiscal second quarter were US$105.3 million (EUR72.9 million), the Beijing-based company said. That was up from US$37.9 mln (EUR26.2 million) for the same period a year earlier.

Revenues were up almost 20 percent at US$4.4 billion (EUR3 billion), the company said.

Lenovo launched a worldwide effort to improve efficiency and increase market share after acquiring IBM Corp.'s personal computer unit in 2005.

Comments
Russians lose faith in their future, get ready for worse
Macron challenges Trump. French independence and croissants at stake
Russia unveils nuclear-powered interstellar spaceship
Russia unveils nuclear-powered interstellar spaceship
Moving inexorably towards war
Russians lose faith in their future, get ready for worse
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Russians lose faith in their future, get ready for worse
Russians lose faith in their future, get ready for worse
Putin dislikes the idea of US army bases coming to Kuril Islands
NATO to build prestrike staging base in Georgia
NATO to build prestrike staging base in Georgia
The difference between Polish and Ukrainian nationalism is plain to see
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Sanctions do not stop foreign countries from buying Russia's S-400 systems
Russia rips its economy apart with help from the West
Hillary in 2020?
NATO to build prestrike staging base in Georgia
Russia close to recognising Donetsk and Luhansk republics after Donbass elections
World honours bravery and courage of Russian pilot who killed himself in Syria