HTC reports results after spike in share price

News Wireless Global 15 MRT 2016
HTC reports results after spike in share price

HTC has published a limited profit and loss account for the first two months of the year, at the request of the Taiwan Stock Exchange.  The report follows sharp rises in HTC's share price in recent days. The stock has gained nearly 50 percent since the start of this year. 

The smartphone maker had already released monthly revenue figures, showing a drop of 50.3 percent year-on-year to TWD 10.68 billion in the two months. The latest report shows it made a loss in the two months. Its operating loss totaled TWD 2.78 billion, and the net loss reached TWD 398 million. After a significant net loss of TWD 1.222 billion in January, HTC returned to a net profit of TWD 824 million in February thanks to non-operating income of TWD 2.369 billion. This was the net gain on an earlier announced property sale in Taiwan. 

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HTC

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Financial figures, Handsets

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