Friday, July 04, 2014

HTC catches a break, posts net profit in Q2

It looks like the tough times at HTC might be coming to an end. The Taiwanese manufacturer posted a net profit before tax of NT$2.76 billion (roughly $92 million) in Q2 which ended on June 30.

HTC’s operating profit for the quarter was NT$2.43 billion, while net profit after taxes was NT$2.26 billion. The unaudited quarterly revenue came in at NT$65.06 billion.
Unsurprisingly, the biggest driving force behind the company’s changed fortunes have been the sales of the HTC One (M8), as well as the characterful Desire 610 and Desire 816 mid-rangers. Going forward, the
company will count on the likes of the HTC One mini 2 and the One (E8) to build on its current momentum.
Source

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