14.08.2014 - Lenovo Corporation increased its net profit by 23%
The world's largest maker of personal computers - Lenovo, announced a net profit growth by 23% in the last quarter compared to the same period last year. The company's profit increased to 214 million dollars and revenue to 10.4 billion dollars. The reason for the improved financial performance was the increase in sales of personal computers and smartphones. It is worth recalling that the corporation is the 4th largest smartphone maker after Samsung Electronics Co., Apple Inc. and Huawei Technologies Co.
The corporation is trying to diversify its business and expand markets for products. Considering the current figures and stable development of the Chinese company, we recommend to buy stocks with the potential growth of 30-40% per year.