TABLE-China's TCL Corp Q1 net surges to 449 mln yuan
April 30 (Reuters) - Quarter ended March 31, 2008.
(in millions of yuan unless stated, against 2007 figures):
2008 2007
Turnover 8,903.67 vs 9,088.94
Net profit 449.13 vs 13.87
Earnings per share (yuan) 0.1737 vs 0.0054
Assets per share (yuan) 1.5172 vs 1.3444*
Company: TCL Corp 000100.SZ, one of China's largest homegrown television and cell phone producers, is the parent of Hong Kong-listed TV maker TCL Multimedia Technology Holdings Ltd (1070.HK: Quote, Profile, Research, Stock Buzz) and cellphone maker TCL Communication (2618.HK: Quote, Profile, Research, Stock Buzz).
Note: The company's results, unaudited and compiled under domestic accounting standards, were published on Wednesday.
The company said colour TV sales in the quarter fell 13 percent to 3.54 million units, while cell phone sales rose 56 percent to 3.32 million units.
The company said early this month that it estimated its first-quarter net profit was more than 26 times the year-ago result, boosted by a one-off gain of 350 million yuan ($50.11 million) from disposal of an 80 percent stake in a unit.
* Net assets per share figure is as of the end of last year. ($1=6.984 Yuan) (Reporting by Edmund Klamann in Shanghai; Editing by Anne Marie Roantree)
© Thomson Reuters 2008 All rights reserved
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