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TCL's profit down 29% in Q3

Oct. 29, 2012 (China Knowledge) - TCL Group<000100>, a major Chinese television and mobile phone manufacturer, has announced its it net profit attributable to shareholders decrease 28.78% YoY to RMB 205 million in the third quarter of this year.

According to a statement filed with Shenzhen Stock Exchange, basic earnings per share for the period were RMB 0.02.

From July to September, the television and mobile phone manufacturer's operation revenue decreased 13.72% YoY to RMB 18.8 billion.

In the first nine months of this year, TCL saw its operation revenue amount to RMB 48.61 billion, reflecting a YoY increase of 10.76%. Meanwhile its net profit for the nine-month period totaled RMB 487 million, down 40.99% than it realized in the first nine month of last year.

The Shenzhen listed company saw its sales of LCD TVs surge 51.52% YoY to 10.85 million units, while the sales of its telecommunication and other products decrease 4.23% YoY to 29.17 million units.

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