Taiwan's HTC says profit down 30 percent
Taiwan's smartphone maker HTC Corp posted a year-on-year 30 percent fall in first quarter net profit as the global economic meltdown hit sales, the company said Monday.
In the January-March period, HTC's net profit fell to 4.89 billion Taiwan dollars (147 million US) from 6.95 billion dollars a year earlier.
HTC's earnings per share have almost halved to 6.56 dollars from 12.12 dollars a year ago.
The company posted 31.59 billion dollars in revenue in the first quarter, a 3.4 percent drop from the 32.70 billion dollars recorded a year ago.
(c) 2009 AFP