TCL shares its 2020 revenue of 50.95 billion Hong Kong dollars, a huge 40.2% year-on-year increase

TCL Electronics released its 2020 annual report, showing that its annual revenue was HK$50.95 billion, a year-on-year increase of 40.2%, the profit attributable to the owners of the parent company of continuing operations was HK$1.85 billion, deducted and returned to the parent net profit reached 1.05 billion Hong Kong dollars, a year-on-year increase of 25.1%.

TCL Electronics’ 2020 annual results announcement shows that the group’s revenue from continuing operations has increased by 40.2% year-on-year from HK$36.34 billion in 2019 to HK$50.95 billion in 2020.

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The overall gross profit increased from HK$7.44 billion in 2019 to HK$9.66 billion in 2020, a year-on-year increase of 29.8%. In 2020, net profit attributable to the parent from continuing operations was HK$1.85 billion, an increase of 1.2% year-on-year.

In addition, the profit from continuing operations of TCL Electronics for the year increased from HK$1.87 billion in 2019 to HK$1.89 billion in 2020, an increase of 1.2% year-on-year.