Alcatel Q1 profits up 10 times from last year

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Chinese budget handset manufacturer has recorded a 10-fold increase in Q1 profits.

Alcatel, part of TCL Communications Technology Holdings Limited, announced HK$20 million (£1.32 million) of net profits in the first quarter of 2008, compared to HK$2 million in the same period in 2007.

The manufacturer cites strong sales in South America, Europe and the Middle East for this rise, but also highlights the emerging market of Africa where demand for entry-level devices is high.

These territories account for 92 per cent of Alcatel’s global sales, but the company sees a huge opportunity in India where it saw sales increase by 103 per cent, or about 180,000 handsets.

Over Q1 Alcatel sold 3.3 million handsets globally, an increase of 56 per cent from the same time last year.

After Alcatel relaunched itself in China it saw its sales of Alcatel-branded BlackBerry phones hit 110,000 through China Mobile.

During the same period both Orange and Telefonica have picked up its entry-level 3G handset.

 

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