HTC Reports Small Profit For Q3

Sunday, January 5, 2014

HTC Reports Small Profit For Q3

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Taiwanese smartphone vendor HTC Corp said on Sunday it made a net profit of T$0.3 billion ($10 million) in the fourth quarter of 2013.

The October-December figure compares to a net loss of T$2.97 billion in the previous three months. In the fourth quarter of 2012 it made a net profit of T1.01 billion.

The company's quarterly revenue declined compared to a year ago, but the company's sales were within its lowered forecast.

The smartphone maker's December sales fell 42.46 percent from the same month a year ago.

HTC's fourth-quarter earnings included a one-time profit of T$2.5 billion from the sale of its remaining stake in Beats Electronics LLC.