TCL Technology's Q3 Profit Drops 58%, Operating Income Down 11%; Shares Soar 9%

MT Newswires Live10-30

TCL Technology Group (SHE:000100) booked a net profit attributable to shareholders of 530.1 million yuan or 0.028 yuan per share for the third quarter of the year, dropping 58% from a year earlier, according to a Shenzhen Stock Exchange filing on Monday.

The Chinese electronics manufacturer earned an operating income of 42.8 billion yuan, slipped 10.8% from the previous year, the filing said.

The company's shares soared nearly 9% in recent trade.

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