TCL Group Posts Strong Sep Growth

Electronics manufacturer TCL Group (000100.SZ) reported net profit of RMB 51 million in the third quarter of 2009, up 45% year-on-year, in its financial statement released October 14.

TCL Group subsidiary TCL Multimedia (1070.HK) reported LCD TV sales growth of 144.7% year-on-year to 1.12 million in September, bringing its total sales in the first nine months to 5.53 million, up 105.2% year-on-year. Sales of AV products rose 56.7% year-on year to 2.89 million units, according to the report.

Sister subsidiary TCL Communication (2618.HK) sold 1.32 million handsets in September, up 9.58% year-on-year, while the company’s total sales in the first nine months of 2009 slowed 9.40% year-on-year to 9.29 million units.

TCL Corporation (SZSE: 000100) was estimated to earn a net profit of about CNY 150 million in total during the first nine months of 2009, with an about 33% rise year on year, the Chinese home appliance maker announce in a report on October 14.
The company was predicted to take a net profit of about CNY 51 million in the third quarter, according to the report. It said in its first-half fiscal report previously that it had a net profit of CNY 98.91 million.

In September alone, it achieved a LCD TV sales volume of 1.122886 million, with a year on year growth of 144.7%. It had a LCD TV sales volume of 5.527089 million in the nine months, with a 105.2% surge year on year.

However, its white goods business declined. Its air conditioner sales volume suffered a 27.55% drop year on year in the period, washing machine sales volume 21.85%; and icebox sales volume 5.36%

TCL Corp<000100>, a major Chinese TV and mobile phone manufacturer, yesterday announced that its net profit in the first nine months of this year probably fell 68% year on year to about RMB 150 million, sources reported. The firm attributed the apparent drop in net profit to the sale of its low-voltage appliances division, which contributed around RMB 358 m

Source: Various

TCL Corporation achieved a LCD TV sales volume of 1.122886 million in total during September 2009

BEIJING, Oct 14, 2009 (SinoCast Daily Business Beat via COMTEX) — TCLOF | Quote | Chart | News | PowerRating — TCL Corporation (SZSE: 000100) achieved a LCD TV sales volume of 1.122886 million in total during September 2009, with a year on year growth of 144.7%, the Chinese home appliance maker announced in a report on October 13.

The company had a LCD TV sales volume of 5.527089 million in the first nine months of the year, with a 105.2% surge year on year. However, its white goods business declined. For instance, its air conditioner sales volume suffered a 27.55% drop year on year in the period, washing machine sales volume 21.85%; and icebox sales volume 5.36%.

In September alone, it hit an air conditioner sales volume of 74,193, with a 16.04% rise year on year; a washing machine sales volume of 64,989, with a 6.78% decrease year on year; an icebox sales volume of 36,713, with a 33.89% fall year on year.

Source: www.hexun.com (October 14, 2009)

Tata Communications expands connectivity to Africa

Singapore – (BUSINESSWIRE) – June 10, 2008 – Tata Communications (NYSE: TCL), a leading provider of the new world of communications, announced today the further expansion of its network reach into Africa through an arrangement with Neotel, South Africa’s first converged communications network operator.

The South African government and business process outsourcing (BPO) industry has invested a tremendous amount of time and effort in positioning the country as a preferred BPO or contact centre destination. This could soon become a reality with the announcement of a new multi-service Point of Presence (PoP) which has been established in Johannesburg by Tata Communications in association with Neotel. Neotel has been delivering world-class voice and data services since 2006. The service portfolio consists of high-speed internet, VPN, network management and hosting services to customers in South Africa.

The new multi-service Point of Presence (PoP) established in Johannesburg, South Africa, seamlessly integrates with Neotel’s next generation network and IP/MPLS infrastructure for onward national and regional connectivity.

The new PoP offers MPLS, Ethernet, IP and International Private Leased Circuit (IPLC) services, connecting through Tata Communications’ global network to over 600 cities in 50 countries and onwards to customers in over 200 countries. Tata Communications owns and operates one of the world’s largest private sub-sea cable networks, enabling flexible, scalable end-to-end solutions backed by strong Service Level Agreements (SLAs), and delivering service to over 1,600 wholesale and 10,000 enterprise customers.

Stefano Mattiello, Executive Head of Enterprise Group, Neotel said, “Neotel is driven to redefine the South African telecommunications market with cost effective, unconventional solutions and worldwide connectivity. By launching this multi-service PoP to connect to Tata Communications’ global network, we will leverage their extensive telecoms expertise to bring international standard services to South Africa, while at the same time provide South Africa with much-wanted bandwidth”

Customers in South Africa can now access Tata Communications’ full global suite of products, including solutions for voice and data connectivity, managed security services, application traffic optimization and management, managed storage and hosted applications, collaboration services, server management, co-location and content distribution.

“This is another step forward in our commitment to expand Tata Communications’ global footprint and deliver unparalleled global network reach for our industry-leading voice and data services,” commented Claude Sassoulas, Managing Director, Europe & Africa – Global Data Solutions, Tata Communications. “The bandwidth flexibility and reach we can now offer with our Ethernet and VPN services give our customers the ability to connect all their South African offices in a much more cost-effective fashion. Additionally our investment in the Seacom cable in this region, shows our commitment to support our customers as they expand into this region”

Tata Communication plans to continue to extend its global presence, with a focus on emerging markets in the Middle East, Eastern Europe, South America and South East Asia. Recent additions to the network footprint include China, Egypt, Malaysia and the Philippines.

TCL won the LCD Module Contract from Samsung

South Korean electronics company Samsung has announced plans to subcontract parts of its LCD service to Chinese television maker TCL.


A spokesperson from Samsung says that TCL’s production of the LCD modules will begin next year, but she refuses to disclose the size of the deal. Meanwhile, she also denies that TCL will use the OEM LCD module on its television products.

Earlier this month, TCL’s LCD module project formally landed In Huizhou, Guangdong Province. Samsung is said to have provided LCD module and related support to the project which is expected to yield 2.3 million modules each year.