HTC reports fourth quarter of losses

Monday 9 May 2016 | 12:00 CET | News
HTC reported an operating loss of TWD 4.8 billion for the first quarter, after a sharp fall in sales for the smartphone maker. The result compares to a small profit of TWD 0.02 billion in the year-earlier period and is the company's fourth consecutive quarter in the red. Revenues for the three months to March more than halved compared to a year ago, to TWD 14.8 billion from TWD 41.5 billion. The net loss totaled TWD 2.6 billion, including a profit of TWD 2.1 billion from selling land buildings in Taiwan. HTC said it was off to a better start in Q2 following strong launches for its new

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Categories: Mobile & Wireless
Companies: HTC
Countries: World
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