Taiwan HTC Q2 Unaudited Shaky Results Out: 58.7 Percent Drop In Quarterly Net Profit

Posted on Jul 6 2012 - 8:50am by Editorial Staff

Taiwan’s mobile company HTC has reported its Q2 unaudited results. The company reports a 57.8 percent fall in quarterly net profit, which was T$7.4 billion ($247.7 million) for the period between April and June,, and was down from T$17.52 billion in the same period a year earlier. Further, according to a Thompson Reuters I/B/E/S survey of 21 analysts, earnings been expected to drop to T$8.25 billion. The Q2 revenue was T$91billion, while consolidated sales for June were T$30 billion, down 33.4 percent from the same month a year earlier. The company blamed European sales and U.S. sales, which was held up by custom inspections.

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