Aug. 10, 2011 (China Knowledge) - TCL Corp<000100
>, a major Chinese television and mobile phone manufacturer, has posted RMB 538.5-million net profit for the first half of this year, over doubled the RMB 157.6 million it realized in the same period of 2010.
company attributed the growth principally to TV sales.
In 2011 first half, TCL reaped RMB 27.35 billion in revenue, up 18% year on year from RMB 23.17 billion.
In the reporting period, TCL sold 1.94 million air conditioners, 426,000 refrigerators and 283,000 washing machines, representing a year-on-year increase of 74.93%, 19.33% and 47.4%, respectively.
TCL Multimedia Technology Holdings Ltd<1070
>, a unit of TCL, turned loss into profit in the first half of this year with net profit of HK$131.2 million, compared with a net loss of HK$333.8 million in the same period of 2010.
The firm's revenue for 2011 first half reached HK$13.16 billion, up 7% year on year HK$12.24 billion, sources reported.