Page last updated at 16:25 GMT, Thursday, 7 August 2008 17:25 UK

European demand supports Lenovo

Olympic athletes surf the internet
Lenovo is supplying computers for the Beijing Olympics

Chinese PC maker Lenovo has reported upbeat quarterly profits as it improved market share in Europe.

The firm, which is one of the official partners for the Beijing Olympics, said net income grew 65% to $110.5m (56.8m) in the three months to June.

Sales rose 10.5% to $4.2bn, with sales in Greater China up 22% to $1.7bn, while sales in the Americas fell 4.8%.

The firm saw sales in Europe, the Middle East and Africa rise to $904m from $755m the year before.

Broad-based growth

"Lenovo is growing across geographies and product lines, continuing to bolster its already strong position in both developed markets and the fast-growing emerging markets," said Chairman Yang Yuanqing.

Best known for its Thinkpad slim-line computers, it said demand for these type of laptops continued to be the largest contributor to total sales.

Lenovo is the fourth biggest computer manufacturer in the world behind Taiwanese computer firm Acer and Hewlett Packard and Dell of the US.

It established itself as a global player in 2005 when it bought IBM's PC operations.

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