Alcatel’s H1 sales jump 60pc

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Handset manufacturer Alcatel, owned by Chinese firm TCL Communication, shifted 6.7 million units in the first half of the year, up 60 per cent on the frst half of 2007.

Its revenue increased by 13 per cent to HK$2,340 million and net profit soared from HK$2 million in H1 2007 to HK$ 112 million this year.

The Chinese manufacturer claims the big leap in numbers is because of good performance in international markets with growth of 44 per cent in the Middle East and high demand in Africa among first-time buyers.

Profit before the effects of convertible bonds was HK$16 million, making it the ninth consecutive profitable quarter for TCL.

Alcatel said it hopes to increase its sales volume in Latin America with demand from Mexico, Argentina, Colombia and the Dominican Republic.

TCL chairman Mr. Li Dongsheng said: "The Group’s first half sales volume in Latin America was above expectation as a result of the strong sales performance in Mexico and Central America."

Chief executive Liu Fei said: "We remain confident in achieving the full year sales volume target of 16 million units. We are looking forward to a better performance in the Chinese market through new product launches and expansion of the sales channel in the second half of 2008."

The manufacturer is currently working to produce 3G phones for supply in China via China Mobile.

 

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