Lenovo's profit up 30 percent, mobile business unit continues to grow

Chinese PC maker Lenovo said on Thursday that net profit in its fiscal first quarter ended June 30 grew by 30 percent year-over-year, as the company inched closer toward surpassing HP to become the top vendor in the market.

Lenovo's net profit reached $141 million in the quarter, up from $108 million in the same period a year ago. The company's revenue in the quarter was at $8 billion, a year-over-year increase of 35 percent.

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