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.