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HTC reports sharply higher profits on booming demand

Xinhua, October 14, 2016 Adjust font size:

Taiwan smartphone maker HTC Corp. has reported substantially higher profits in the third quarter due to recovering market demand.

The company's third quarter report on Thursday showed that its net profits jumped 28.4 percent year on year to 96.71 billion new Taiwan dollars (around 20 billion yuan).

This represents an increase of 33.4 percent from the second quarter.

Sales revenue amounted to 260.41 billion new Taiwan dollars, an increase of 22.5 percent from the same period a year ago.

Earnings per share was 3.73 new Taiwan dollars.

The company foresees that sales revenue will be between 255 billion and 258 billion new Taiwan dollars in the fourth quarter. Endi