Date
23 October 2017

TCL estimates 2013 net profit up 176%, filing says

Mainland consumer electronics maker TCL Corp (000100.CN) expects its 2013 net profit to rise 139-176 percent year on year to between 1.9 billion and 2.2 billion yuan (US$311.5 million – US$360.7 million), mainly driven by its TFT-LCD panel business, according to a regulatory filing late Monday. Rising sales of TCL’s smartphones and multimedia TVs also contributed to the profit increase, it said. The company sold 17.18 million LCD TVs in the third quarter, giving it 6.75 percent of the global market share and putting it third in the world, it said.

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KZ/AC/SK

 

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