TCL Multimedia Technology Holdings Limited (HKG:1070) announced that the Group is expected to record a higher profit for the six months ended 30 June 2012 as compared to the corresponding period in 2011.

The expected profit was mainly attributable to the significant increase in sales volume of LCD TV and continuous improvement on the product mix of the Group and a 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. which was announced and recorded in the first quarter of 2012. The closing of the acquisition took place on 18 January 2012. Even the one-off gain from the said acquisition is excluded, the Group is still expected to record a higher profit in the six months ended 30 June 2012 as compared to the corresponding period in 2011.

The unaudited consolidated result of the group is expected to be announced on 9 August 2012.

Source:chinesestock.org