HTC posts below-par Q4 results despite small profit

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.

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