HTC reports recovery in net profit, operational loss - News Summed Up

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HTC reports recovery in net profit, operational loss

By Chen Cheng-hui / Staff reporterHTC Corp’s (宏達電) net profit recovered last year, the smartphone maker said in a statement yesterday, although the firm remained unprofitable on an operating basis. Net profit reached NT$12.02 billion (US$389.15 million), with earnings per share of NT$14.72, HTC said in a statement. The result marked a positive turn after the company reported net losses of NT$16.9 billion in 2017, NT$10.6 billion in 2016 and NT$15.5 billion in 2015. The company has been investing in the development of virtual reality (VR) and augmented reality products, but the new businesses have yet to make a significant contribution to its revenue. HTC plans to focus on VR, 5G networking hub and blockchain technology, the statement said.

Source: Taipei Times March 15, 2019 15:56 UTC