Frbiz.com reports Li Dongsheng said that confidence in this year’s TV business profitable overseas

TCL Group and its subsidiary TCL Multimedia, TCL Communication is the recently released financial report, TCL chairman Li Dongsheng and then hurriedly went to Beijing to meet with the media, which said, TCL in China, the proportion of strong growth in sales of LCD TV is the main growth this year, and strive to overseas color TV business profitable.

Picked up its third quarter results

According to this year’s third quarter earnings, TCL Group achieved net profit of 5,449 million, excluding non-recurring gains and losses after the net profit of 3,740 million, a substantial increase of 169.08 percent year on year. TCL Multimedia business in which a relatively large increase of profit, third-quarter profit of 8,681 million HK dollars, 1-September cumulative 230 million dollar profit.

In this regard, Li Dongsheng that, 1 to September TCL Multimedia’s business in good condition, from the sale of the regional point of view, is mainly the proportion of China’s strong growth in sales, overseas business segments is declining.

In addition, the best performance in the third quarter, an increase of 26.16%, in line with the economic crisis. The decline in the first quarter of overseas business by the financial crisis, high-impact, more than 20% decline in the first quarter, while sales revenue after the increase in sales throughout the first half, but revenue down.

In addition, the TCL Group’s net profit this quarter, 153 million. In this regard, Li Dongsheng said, “do not consider our low-voltage electrical business, then the actual profit rose 36.07%, of which profit of 230 million Hong Kong dollars multimedia services, but the first three quarters of a loss of TCL Communication more than 9,000 million.”

LCD TV is the main growth

Li Dongsheng said that from the multimedia industry analysis, we can see that, TCL LCD TV sales in the third quarter increased by 121%, the growth rate of relatively large, in which the growth of China in the third quarter more pronounced.

He also pointed out that, “CRT piece of the Chinese market year average market decline better, means that we have demonstrated relatively good CRT. Overseas markets, the decline in the third quarter, lower than the market average.”

Overseas markets and strive for a profit this year,

He TCL’s business in China satisfied with the performance that is generally good, sales and sales have more obvious increase.

At the same time, TCL Multimedia’s European operations better performance in the third quarter, began to gradually recover in the second half of this year. He said, “last year’s financial crisis, the greatest impact to us in Europe, because of our European business accounted for relatively large proportion of last year, the financial crisis, there is a period of time many EU countries devalued their currencies relatively fast, so that TCL growth stagnation for several months, because the exchange rate risk is difficult to control. “

With regard to the North American business, TCL Multimedia in the third quarter performance was good, sales increase.

With regard to the future, Li Dongsheng said, “We continue to be steady to do business in Europe and the United States is currently more in response to the financial crisis, can be gradually restored.”

“We have been changed, the performance is improving this year, overall speaking, the loss of overseas business is shrinking, I look forward to next year’s overseas business can be better, especially the TCL Multimedia,” he finally say so.