Light Industry: TCL losses
(China Daily)
Updated: 2006-08-31 17:58
Electronics firm TCL Corp said that its second-quarter loss had widened
mainly because of its unprofitable television unit.
The company, in which
Royal Philips Electronics NV holds a 6.3 per cent stake, forecast a loss for the
first nine months of the year.
The net loss was 607.3 million yuan (US$76
million), compared with a loss of 365.4 million yuan (US$43.2 million) a year
earlier.
(For more biz stories, please visit Industry Updates)
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