Top PC maker Lenovo posts 29% jump in annual profits

[Wireless News]

http://l.yimg.com/bt/api/res/1.2/OvMXzoUaQay6O8FVm0FOyA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/afp.com/07a1b1124b91deb55b8e6d61252f0f12966682d8.jpg (http://news.yahoo.com/top-pc-maker-lenovo-posts-29-jump-annual-085921336.html)Chinese computer maker Lenovo Group on Wednesday announced a jump in full-year net profits of 29 percent, driven by record sales of smartphones. Revenues were up 14.3 percent to $38.71 billion, the company said in a filing to the Hong Kong Stock Exchange. "Fiscal year 2013/14 was another record year for Lenovo," Yang Yuanqing, the company's chairman and chief executive officer, said in the filing. "The record sales and profits that we delivered last year prove that Lenovo can grow and deliver its commitments, no matter the market conditions," he added in a press statement.



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