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TABLE-China's TCL Corp Q1 net surges to 449 mln yuan

Tue Apr 29, 2008 9:27pm EDT
 
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 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)


 

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