November 21, Lenovo Group Ltd. (00992.HK) has enjoyed a spectacular achievement in the computer market, with net profit roughly doubling in the first half from a year earlier and its market share hitting a new high, the Hong Kong Economic Journal reported.

Net profit jumped to $252 million on strong sales in emerging markets. The company claims a global market share of 13.5% for its second fiscal quarter, July-September, making it the second-largest PC maker in the world after Hewlett-Packard Co.

Weiming Huang, chief financial officer of Lenovo, said the company has succeeded in developing a diversified market and exercising strict control over production costs since learning a painful lesson in 2008.

Despite the global economic uncertainty, the future of Lenovo is still promising, Weiming said.

Lenovo founder Liu Chuanzhi stepped down as chairman of the company earlier this month, to be replaced by Yang Yuanqing, who is also the chief executive officer.

Source:en.21cbh.com