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HTC profit up 68% in Q3, revenue climbs 80%

Zach Epstein
October 6th, 2011 at 10:40 AM

HTC on Thursday announced unaudited consolidated results for the third quarter of 2011. The company said in a statement that revenue came in at NT$135.8 billion for the quarter, up 79.07% from the third quarter last year, and unaudited net income rose 68% year-over-year to NT$18.6 billion after taxes. Operating income climbed to NT$20.2 billion in the third quarter, and HTC reported earnings of NT$22.03 per share. HTC’s brief statement to investors follows below.

HTC RELEASES UNAUDITED RESULTS FOR 3Q 2011

1.Date of occurrence of the event:2011/10/06
2.Company name:HTC Corporation
3.Relationship to the Company (please enter ”head office” or ”affiliate company”):Head Office
4.Reciprocal shareholding ratios:N/A
5.Cause of occurrence:Taoyuan, Taiwan–October 6, 2011–HTC Corporation (TWSE: 2498), a global leader in smartphone innovation and design, today announces unaudited consolidated results for 3Q 2011. For the third quarter of 2011, total revenues reached NT$135,821 million with 79.07% year-on-year growth. Unaudited operating income was NT$20,190 million, net income before tax was NT$21,291 million, net income after tax was NT$18,638 million, and unaudited earnings per share after tax were NT$22.03 based on 846,016 thousand weighted average number of shares.
6.Countermeasures:None
7.Any other matters that need to be specified:None
Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.




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