First Quarter quite profitable for HTCApril 9th, 2010 - 11:39 pm by Wajiha H.
We just laid our hands on the first quarter report of HTC and it seems that it is a delight! The company has been doing very well and we can say that as the Revenue announced by them is approximately 1.2 billion US dollars of revenue which of course is much better than what they projected at the start of the year. Now that exactly makes at least 19.3 percent more than what HTC earned same time last year in quarter one.
So the quarter one net profit is somewhere around 160 million US dollars, which is around 8 percent lower compared to the same first quarter of 2009. Now we must always keep in consideration that this amount is much more than what the Taiwanese company had expected at the start of the year. They had projected revenues between 1.01 and 1.08 billion US dollars. So yes, this is a jump up!
Their earnings per share are around 0.2 US dollars which is by 10 to 20 percent more than expected. So we can well assume that this once little Taiwanese company is achieving success by leaps and bounds now and for them only sky is the limit!
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