HTC Posts Fourth Quarter Profit Result, Observes Slim Profit Than Last Year

Taiwanese smartphone maker HTC on Tuesday posted a less expected and weak results for the first three months of 2015, while still managing to keep up a fourth successive quarterly profit.

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HTC Posts Fourth Quarter Profit Result, Observes Slim Profit

HTC said net profit came in at TWD 360 million ($11.6 million, approx Rs. 72 crores) in January-March, a remarkable improvement from a net loss of TWD 1.88 billion in the same period last year.

Revenue rose 25 percent to TWD 41.52 billion from last year, when it hit a five-year low of TWD 33.1 billion, the company said in a brief statement.

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However, both net profit and revenue fell compared to the previous quarter HTC had posted TWD 470 million net profit and TWD 47.87 billion revenue in October-December.

"HTC's first quarter performance was pretty weak," said Jeff Pu, analyst at Yuanta Securities Investment Consulting.

HTC Posts Fourth Quarter Profit Result, Observes Slim Profit

"It only reported TWD 20 million in operating profit, which showed that its core business was not improving," he said.

In the third quarter of 2013, HTC swung to its first net loss since listing in 2002, as it fell out of the world's top 10 vendors.

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Last year's launch of the popular M8 model created a fresh buzz around the brand, but analysts have warned that it still has a long way to go before regaining lost ground.

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