TC

23/10/2014 16:43

TCL Comm (02618) 9-month net soars 37.5x to HK$725m

    TCL Communication Technology (02618) said its profit attributable to owners of the parent for the nine months ended 30 September 2014 surged 3,751% year-on-year to HK$725 million.
  Its basic and diluted earnings per share were HK61.11 cents and HK58.65 cents.
  The revenue was HK$19,996 million, an increase of 69% from a year earlier.
  Sales volume of handsets and other products totaled 48.6 million units for the first nine months of 2014, an increase of 35% year-on-year. Sales volume of smart devices for the period jumped 162% year-on-year to 25.9 million units.
  Gross profit margin increased to 19.3% from 18.5% in the same period of last year.
  For the three months ended 30 September 2014, TCL Comm's net profit rose 30% year-on-year to HK$294 million. Revenue grew 43% to HK$7,779 million.

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