The fourth largest computer maker of the world, Lenovo has reported straight quarterly profit in the second quarter. According to the company this rise in profits had been possible by growing global demands for the products and it had helped the company to achieve a historic share gain of 10.2% in the share market.
The computer maker Lenovo has reported a net profit of 54.86 million dollars in the three months till the end of June compared to the loss of 16 million dollars of the same time period in last year.
In addition the sales of the firm rose up by almost 50% to 5.15 billion dollars from 3.44 billion dollars of last year. In 2005 Lenovo bought the personal computers department of the International Business Machines (IBM).
According to the company the global PC market had continued its strong growth in the second quarter of this year also, which was started in the last six months of last year. This growth in the PC market came despite of the huge debts in European countries and slower pace of the economic recovery.