HONG KONG (Indonesia Today) – TPV Technology Limited, a giant electronics manufacturer, posted net profit of US$44.2 million only in the firs half ended June 30, 2012, slashed by 37% from the corresponding period of 2011.
TPV generated sales revenue of US$5.13 billion in the first six months of 2012, down slightly from US$5.29 billion in H1/11. The company’s gross profit actually increased from US$318 million to US$351 million.
Operating expenses, however, increased substantially. Research and development expenses doubled to US$120 million, while selling and distribution expenses rose to US$208.8 million from US$159 million.
The group shipped a total of 27.5 million PC monitors in the first half-year, which was 5.1 percent lower than the same months in 2011.
The Group