TCL Electronics Projects Significant Profit Growth for 2024

An announcement from TCL Electronics Holdings ( (HK:1070) ) is now available.

TCL Electronics Holdings Limited announced an expected increase in their adjusted profit attributable to owners for 2024, anticipating a rise of 62% to 112% compared to 2023. This growth is driven by strategic initiatives in global capacity building, optimizing product mix, and enhancing operational efficiency, which have led to increased global market share and record high revenues in their TV business. The company has improved cost effectiveness through enhanced logistics and warehousing, while maintaining stringent control over expenses, resulting in a reduced overall expense ratio.

More about TCL Electronics Holdings

TCL Electronics Holdings Limited is a multinational technology company incorporated in the Cayman Islands. It focuses on premium brand technology, excelling in global efficiency and leveraging technology to maintain a strong market presence. The company offers a range of products, including large-screen and high-end display products, as well as innovative marketing and photovoltaic businesses.

YTD Price Performance: 5.25%

Average Trading Volume: 3,856

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.13B

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