Lenovo bounces back in Brazil

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Lenovo has started to show an improvement in its Brazilian business after some years of hardship in the country.

The company has posted 1,3 percent growth in net profit, reaching R$1,5 billion ($480 million). Administrative and commercial spending has decreased by 41,4 percent to R$242,8 million ($77,7 million), while other expenses shrunk by 75,2 percent to R$93,7 million ($29,9 million).