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

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 been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.