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HTC Returns to Quarterly Profit

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Note -- this news article is more than a year old.

Taiwan's struggling smartphone manufacturer, HTC reported another decline in its quarterly revenues, but did manage to return to profit.

The company announced unaudited revenues of NT$65 billion, down on the NT$70.7 billion a year ago.

The company managed to increase its quarterly profit to NT$2.26 billion (US$75.6 million) from NT$1.52 billion, and a marked return to profit after the loss of NT$1.88 billion it posted three months ago.

HTC also posted an underlying operating profit of NT$2.43 billion, the first it has reported after three consecutive quarters of operating losses.

The company does not give any meaningful breakdown of its financials nor its handset sales though.

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Tags: htc  Taiwan