HTC posts Q4 loss of TWD 3.4 billion

Wednesday 3 February 2016 | 10:02 CET | News
HTC reported a sharp fall in results for the fourth quarter of 2015 compared to a year earlier but said it saw some improvement compared to the third quarter. The net result was a loss of TWD 3.4 billion, versus a profit of TWD 0.5 billion a year earlier and a loss of TWD 4.5 billion in Q3. The gross margin fell to 13.9 percent from 20.4 percent a year earlier and 18.0 percent in Q3. As HTC continued to cut sales, marketing and R&D spending, the operating loss narrowed on a sequential basis to TWD 4.1 billion in the final quarter compared to 4.9 billion in Q3. Revenues fell to TWD 25.7

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Categories: Mobile & Wireless
Companies: HTC
Countries: World
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