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

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Zach Epstein is the Executive Editor of BGR. He has 10 years of industry experience, first in marketing and business development with two private Telcos, then as a writer and editor covering business, technology and telecommunications.

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