TCL Multimedia (HKG:1070) expected to record a much higher profit for the three months ended 31 March 2012 as compared to the corresponding period in 2011.

The expected profit was mainly attributable to significant increase in sales volume of LCD TV and continuous improvement on the product mix of the Group and an one-off gain on the acquisition of 100% equity interest in TCL Optoelectronics Technology (Huizhou) Co., Ltd. and its 60% owned-subsidiary, Huizhou TCL Coretronics Co., Ltd. The closing of the acquisition took place on 18 January 2012. 

Source:chinesestock.org