TCL expects net profits to double

Chinese TV maker TCL Corp expects net profits to double in the first half of 2013, reaching up to 660 million yuan ($107 million).

In an earnings forecast issued on Tuesday, TCL said all major business sectors in the company saw good sales growth in the first half of the year.

TCL manufactured about 650,000 liquid crystal display (LCD) screens during the period, up threefold over the same period last year. It sold more than 8 million LCD TVs, an increase of 21.6 percent year-on-year.

Meanwhile, the company continued to push forward the mobile phone business. In the first six months, TCL shipped 20.6 million mobile phones, of which 4.7 million were smartphones, up 113 percent year-on-year.

TCL was the world's fourth-largest TV maker in 2012, selling about 15.8 million TVs during the whole year.