TCL Multimedia Technology Holdings Ltd. Provides Earnings Guidance for the Quarter Ended March 31, 2012
April 12, 2012 at 08:35 pm IST
TCL Multimedia Technology Holdings Ltd. provided earnings guidance for the quarter ended March 31, 2012. The board of directors of the company informed the shareholders of the company and potential investors that, based on preliminary review of the unaudited management accounts of the Group, the Group is expected to record a much higher profit for the three months ended 31 March 2012 as compared to the corresponding period in 2011. The expected profit was mainly attributable to significant increase in sales volume of LCD TV and continuous improvement on the product mix of the Group and an one-off gain on the acquisition of 100% equity interest in TCL Optoelectronics Technology (Huizhou) Co. Ltd.