January 27, 2021
Business News

TCL Electronics’ Revenue in the First Three Quarters Increases by 22.0% YoY to HK$31.83 Billion with Profit Attributable to Owners of the Parent after Deducting One-off Non-Operating Items Surged by 56.6% YoY Reached HK$811 Million

HONG KONG–()–TCL Electronics Holdings Limited (“TCL Electronics” or “The Company”, stock code: 01070.HK) announced its unaudited financial results for the three months (Q3 2020) and nine months ended 30 September 2020 (Figures of TV ODM business are all excluded).

The Company’s global smart TV and Internet businesses continued to deliver strong performance in the third quarter. Revenue in the third quarter reached HK$14.68 billion, up by 76.6% year-on-year and 43.9% quarter-on-quarter. The gross profit arrived at HK$2.82 billion, up by 55.7% year-on-year and 32.1% quarter-on-quarter. The expense ratio decreased by 2.2 percentage points year-on-year to 16.2%, with the profit attributable to owners of…

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