TCL Corp, China's top television maker, on Tuesday said its first-quarter net profit could hit at least 295 million yuan ($48 million), nearly seven times higher than a year ago.
Steady sales growth in liquid crystal displays and multimedia household electrical appliances were the major contributor for the profit surge, said the Guangdong-based company.
TCL rolled out about 4 million LCD TVs and 1.45 million smartphones in the first quarter.
In addition, the Shenzhen-listed company estimated its annual revenue may hit 85 billion yuan this year, compared with 69.6 billion yuan last year.
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