Earlier this month, Transsion Holdings revealed in an announcement that it has recorded a net profit rise of nearly 60 per cent year on year in the first half of this year, with the figure reaching 1.72 billion Yuan (roughly 266 million US Dollars).
For those unaware, Transsion Holdings is the parent company of three known smartphone brands, namely Tecno, Itel and Infinix. The firm saw a net profit rise of 57.35 per cent over last year in H1 2021, which also marks a rise of 626 million Yuan over this period. The company added that it saw a rise in its sales revenue due to the market’s recovery from the Coronavirus pandemic from last year along with other factors as well.
Furthermore, Transsion stated that it has continued to expand its presence in the African market since the beginning of this year, enabling it to better compete in the region. Meanwhile, it has also strengthened its brand image through various publicity and promotional efforts to increase its overall sales. The company further added that it has worked on exploring and optimizing smartphone models that will be suitable for new markets.
According to a CNBeta report, Transsion Holdings is also improving its focus on certain key markets like India, Bangladesh, Pakistan, and other markets as well. At the moment, the company sells its products in more than 70 countries and regions across the globe and has been a notable player in markets like Africa, South Asia, Southeast Asia, the Middle East and South America.
