Shenzhen MTC Reports Big Profit, Sales Gains
Published: 23 March 2012
by Mike Buetow
SHENZHEN -- Electronics ODM Shenzhen MTC reported its 2011 net profit rose 19% year-over-year to $64.7 million on healthy demand for TVs and set-top boxes.
Revenue last year rose 48% year-over-year to $710 million.
Shenzhen MTC builds for Philips and Siemens, among others.
The company forecast first-quarter net profits to grow 40% to 60% over last year’s $10.5 million.
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