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HTC expects 55% revenue growth MOM for Q2

Apr. 26, 2012 (China Knowledge) - HTC Corp, a global leading smart-phone maker based in Taiwan, China, announced that it expects its revenue would reach NT$105 billion or US$3.56 billion in the second quarter of 2012, up 55% from a disappointing first quarter.

The estimated revenue for the second quarter, however, would be lower than NT$124.4 billion the firm realized in the same quarter of 2011.

Gross margin for the three months ended Jun. 30, 2012 is expected to reach 27%, less than 28.8% on a year-on-year basis, with estimated operating margin of 11%.

In the first quarter of this year, HTC reaped NT$4.46 billion in un-audited net profit, reflecting a year-on-year plunge of 70% from NT$14.83 billion. Earnings per share dropped 71% to NT$5.35.
Sales revenue for the first quarter of 2012 totaled NT$67.8 billion, down 35% year on year or down 33% quarter on quarter.

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