TCL Multimedia Technology Holdings Ltd. announced that based on its preliminary review of the unaudited management accounts of the group, the Group is expected to record a higher profit for the six months ended June 30, 2012 as compared to the corresponding period in 2011. The group's expected profit was mainly attributable to a significant increase in the sales volume of LCD TV and the continuous improvement of the group's product mix and a one-off gain from the acquisition of a 100% equity interest in TCL Optoelectronics Technology (Huizhou) Co. Ltd. and its 60% owned-subsidiary, Huizhou TCL Coretronics Co. Ltd., which was announced and recorded in the first quarter of 2012. However, even with one-off gain from the acquisition excluded, the group would still be expected to record a higher profit in the period as compared to the corresponding period in 2011.