China's Lenovo sees 29% jump in full year net profit

The world's biggest personal computer maker has posted a 29% jump in full-year earnings while at the same time extending its position as market leader in the PC industry.

#Lenovo earned $817m (£485m) in net profit for the 12 months to March.
The company sold 55 million PCs during the year, extending its global market share to 17.7%, when the overall industry saw an 8% fall in PC sales.

Lenovo also sold 50 million smartphones and 9.2 million tablets.
The company's chairman and chief executive Yuanqing Yang said in a statement: "The record sales and profits that we delivered last year prove that Lenovo can grow and deliver its commitments, no matter the market conditions."