Lenovo Group Thursday reported a jump in third-quarter profits, even as its turnover during the period remained flat compared to one year ago.Lenovo reported a profit attributable to shareholders of US$57.7 million on sales of $4 billion during its fiscal third quarter, which ended on Dec. 31, 2006. That\u2019s a 23 percent increase in profits compared to the same period during the previous fiscal year, when Lenovo reported a profit of $46.8 million on sales of $4 billion, the company said in a filing with the Hong Kong stock exchange.On a sequential basis, the results show good news for Lenovo. The company saw its profit fall by 53 percent during the first half of its fiscal year\u2014from $91.2 million to $43.1 million\u2014compared to the\u00a0previous year\u2019s\u00a0period.Lenovo\u2019s PC shipments during the quarter increased 8 percent over the previous year, outpacing the industry average, which the company pegged at 7 percent, the filing said.As usual, China was a strong market for Lenovo, with PC shipments up 19 percent. The company also saw shipments rise by 3 percent in Europe, the Middle East and Africa. But Lenovo\u2019s PC shipments slipped 4 percent in North and South America due to weaker demand from large companies. Shipments fell by 1 percent in the Asia-Pacific region, excluding China, Hong Kong and Taiwan.About 52 percent of Lenovo\u2019s revenue came from notebook PCs, as unit shipments rose 20 percent over the previous year, Lenovo said in a press statement. Desktop shipments rose 2 percent, contributing 43 percent of the company\u2019s total revenue.The remainder of Lenovo\u2019s revenue came from the sale of mobile phones, which contributed 4 percent of revenue. Handset shipments fell by 6 percent compared to the previous year, Lenovo said.-Sumner Lemon, IDG News Service (Singapore Bureau)Check out our CIO News Alerts and Tech Informer pages for more updated news coverage.