1/6/2014 3:34:47 PM
HTC posts below-par Q4 results despite small profit
HTC rounded off a difficult 2013 by posting disappointing Q4 results despite turning a small profit.
The struggling Taiwanese manufacturer revealed its net profit after tax was NT$0.31 billion (£6.27 million), although the company was expecting a more positive set of unaudited Q4 results after cutting costs dramatically. According to Thomson Reuters the smartphone makers was expecting to achieve a NT$721.71 million (£14.5 million) profit.
HTC declined to make a comment.