Lenovo Group Ltd., the world's fourth-largest PC maker, posted a 65.3 percent rise in net quarterly profit, the slowest growth in a year, as it copes with a U.S. slowdown and weaker Chinese demand after a devastating earthquake.

Lenova reported a net profit of $110.49 million from April to June, versus a $66.84 million profit a year ago.

That was largely in line with expectations for $107.47 million, the mean forecast of four analysts polled by Reuters.

Analysts say Lenovo, which competes with Hewlett-Packard, Dell Inc and Asian rival Acer, should fare better over the long run because of its commanding market share in China and emerging markets.

Shares in Lenovo climbed about 5.5 percent in April-June, outpacing a fall of just over 3 percent in the benchmark Hang Seng Index.

By: DocMemory
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