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TCL Communication Annual Revenue Down 10% YoY
000100.SZ, 2618.HK, Handset, Hardware, TCL, TCL Communication Technology, TCT
Editorial Summary
TCL Group (000100.SZ) subsidiary TCL Communication Technology Holdings (TCT) (2618.HK) released full year 2007 earnings on February 29. TCT generated HK$4.97 billion in full year revenue, a decrease of ten percent year-on-year. The company saw HK$33.02 million in profit last year, compared to HK$15.42 million in 2006. TCT handsets sales increased 3.5 percent year-on-year to 11.9 million in 2007. The company targets the sale of 16 million handsets in 2008.
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