Personal technology company Lenovo (HKSE:00992.HK:) (PINK SHEETS:LNVGY) reported on Wednesday that its profit attributable to equity holders for the first quarter of fiscal 2011/2012 was USD108m, an increase of 98% from USD55m in the same quarter last year.

Lenovo's pre-tax income grew to 64% year-on-year to USD123m.

The company's first quarter consolidated sales were a record USD5.9bn, up 15% from consolidated sales of USD5.1bn in the first quarter of fiscal 2010/2011.

Lenovo said that during the first quarter its worldwide PC shipments rose 23.1% percent year-on-year, while industry PC shipments grew 2.7%. This represents the ninth consecutive quarter that Lenovo has grown faster than the industry, the company said.