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          BIZCHINA> Top Biz News
          TCL's overseas business drops 8%
          By Tong Hao (chinadaily.com.cn)
          Updated: 2009-03-26 11:50

          Chinese household appliance maker TCL saw its overseas revenue drop to 16.67 billion yuan ($2.44 billion) in the second half of 2008, down 8.21 percent year-on-year.

          Related readings:
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          TCL's overseas business drops 8%TCL Corp H1 profit soars on strong LCD TV sales 
          TCL's overseas business drops 8% TCL back in black for 2007
          TCL's overseas business drops 8% 
          Top 10 Chinese consumer electronics brands revealed

          Total turnover, including both domestic and overseas sales, dropped 4.67 percent in the same period.

          In 2008, overseas revenue accounted for 44.62 percent of the Guangdong-based company's total business.

          The firm said it still faces big challenges in overseas markets in 2009.

          TCL posted a net profit of 501 million yuan, an increase of 26.6 percent year-on-year in 2008. It sold 4.18 million LCD TV sets in the domestic market, a 233.1 percent surge compared with 2007.


          (For more biz stories, please visit Industries)

           

           

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