Television maker Hisense Electric said on Wednesday its profit for 2017 had slumped by 46.5 per cent. Excluding one-off gains, the company’s underlying profit was down 57.9 per cent from 2016. Photo: Handout

Faced with declining revenue at home, Chinese TV makers resort to asset sales to shore up earnings

Konka Group and Hisense Electric among firms selling assets to boost bottom lines

Topic |   China economy

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Television maker Hisense Electric said on Wednesday its profit for 2017 had slumped by 46.5 per cent. Excluding one-off gains, the company’s underlying profit was down 57.9 per cent from 2016. Photo: Handout
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