The Associated Press: Lenovo profit up 30 percent but growth slows

Lenovo profit up 30 percent but growth slowsBEIJING (AP) — Lenovo Group said Thursday its quarterly profit rose 30 percent on strong sales in developing markets but growth slowed amid global economic weakness.The world's second-largest personal computer maker said it earned $144 million in the three months ending June 30 on $8 billion in global sales. the profit growth rate was down from the previous quarter's 59 percent increase.PC shipments in the Asia-Pacific region and Latin America rose 59.2 percent while those to Europe, the Middle East and Africa were up 62.3 percent."Despite uncertainties in global economic conditions impacting the... Read full post here