November 9, 2012 / 3:00 AM / in 5 years

Lenovo shares up over 5 percent at near three-mth high after Q2 results

HONG KONG (Reuters) - Shares of Lenovo Group Ltd (0992.HK), which is on track to become the world’s No.1 PC maker, rose more than 5 percent to hit their highest in nearly three months on Friday, a day after it reported better-than-expected second-quarter results.

    Its shares rose by as much as 5.2 percent to HK$6.92, the highest intraday level since Aug 17.

    On Thursday, the company reported a 13 percent rise in quarterly net profit to $162 million, beating the $156.3 million consensus forecast of analysts.

    Reporting by Lee Chyen Yee; Editing by Anne Marie Roantree

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