TPV Q3 2012 Profit Jumps 171% YoY
Hong Kong Exchanges and Clearing, 11/29/12
Hong Kong-based display and TV vendor TPV Technology (0903.HK) has announced its financial results for the three months ended September 30, 2012. Q3 2012 revenue was USD 3.22 bln, up 12.9% YoY from USD 2.9 bln a year before.
Q3 2012 net profit was USD 27.13 mln, an increase of 171.0% YoY from USD 10.01 mln in Q3 2011.
The Group shipped 14.7 mln units of monitors during the third quarter, 2.8% fewer than the 15.1 mln units it shipped in Q3 2011. Average selling price per unit (ASP) declined from USD 103.90 to USD 102.00.
The Group's LCD TV shipment, including those of TP Vision, increased by 20.5% YoY, up from 3.3 mln to 3.9 mln units. LCD TV ASP increased from USD 291.50 to USD 365.30. The segment's revenue amounted to USD 1.4 bln, or 44.7%, of the Group's total consolidated revenue, compared to USD 954.2 mln or 33.4% in the same period last year.
TPV derived USD 977.2 mln or 30.3% of its revenue from the China market, as compared to 32% in Q3 2011. The European market accounted for revenues of USD 961.6 mln, or 29.8%, as compared to 22.9% a year before. Revenue from the North American market was USD 466.3 mln, or 14.5%, as compared to 17.5% a year before. Revenue from the South American market was USD 445.6 mln, or 13.8%, as compared to 11.6% a year before. The rest of the world accounted for the remaining USD 372.8 mln, or 11.6%, of revenue, as compared to 16% in Q3 2011.
To view the complete report please see here.
Keywords: monitor TP Vision TV set profit revenue television LCD TPV 0903.HK Q3 2012 fiscal report
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