Lenovo has reported a 25% growth in fourth-quarter profit

Lenovo Group Ltd, the world’s largest maker of personal computers, reported a 25 percent jump in fourth-quarter profit as its desktop models and mobile devices gained global market share. Net income climbed to $158.3 million in the three months ended March from $126.9 million a year earlier, the company reported today. That compared with the $163.6 million average of nine analysts’ estimates compiled by Bloomberg. Chief Executive Officer Yang Yuanqing has maintained Lenovo’s leadership in the PC market at a time when industrywide shipments have contracted, and he also is expanding sales of smartphones overseas. Lenovo, which in January agreed to buy Motorola Mobility for $2.9 billion, plans to triple the number of countries where it sells phones by adding 20 new markets in the Middle East, Africa and Latin America.