Brief: TCL Display Technology Holdings Ltd says HY revenue RMB 1.45 billion, up 51.2%

China Display Optoelectronics Technology Holdings

17/08/2016 12:24

Aug 17 (Reuters) - TCL Display Technology Holdings Ltd  0334.HK : 
 * Do not recommend the payment of any dividend by the company for the six  months ended 30 June 
 * Says HY revenue RMB 1.45 billion, up 51.2% 
 * HY profit attributable to owners of the parent RMB 4 million versus loss RMB 100 million 
 * In the second half of 2016, the outlook of the prc and global economies is  expected to remain vague 
 * Says competition in the display module industry is expected to further  intensify 
 * Slow-down growth rate in the smart Mobile device products market is expected to continue" 
 * Says "the market will see an increasing brand concentration." 
 * To ensure a stable supply, branded manufacturers will gradually shift their orders to major accessories manufacturers" 
 * Group forecasts a continuous improvement in the sales of laminated display module products 
 * In the second half of 2016, it is expected that the display module industry will stay at the deep reshuffling stage" 
 
 * Source text for Eikon  ID:nHKS725RJX  
 
 * ((Further company coverage:  0334.HK )) 
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