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TCL Communication Q1 Profits Rise 900%
Netease, 4/29/08
TCL Communication Technology (2618.HK) issued its Q1 2008 report at the Hong Kong Stock Exchange today. The company reported revenues of HKD 1.2 bln, up 19% from HKD 1.02 bln during the same quarter last year, and profits of HKD 20.2 mln, up 900% from HKD 2 mln during Q1 2007.
TCL sold 3.3 mln handsets during the first quarter of this year, 56% more than Q1 2007, but down 19% from Q4 of the same year.
The main reason for TCL's growth was strong sales for the Alcatel brand in Europe, the Middle East, Africa, and Latin America.
Keywords: overseas, fiscal report, 2618.HK, Africa, Alcatel, Europe, Latin America, Middle East, Q1 2008, TCL Communication Technology, wireless, mobile phone
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