HTC remains in red in Q3 but gross margin improves

Focus Taiwan
Date: 2018/11/13
By: Jiang Ming-yan and Frances Huang 

Taipei, Nov. 13 (CNA) Taiwan-based smartphone brand HTC Corp. remained in the red in the third quarter but its profit margin improved for the third consecutive quarter.

HTC posted a net loss of NT$2.62 billion (US$84.79 million) and loss per share of NT$3.18 in the quarter, both worse than the NT$2.09 billion in net loss and NT$2.53 in loss per share seen a quarter earlier, the company said in a statement Monday.

Despite the continued losses, HTC said its gross margin, — which reflects the difference between revenue and cost of goods sold — rose to 4.7 percent in the July-September period from 2.7 percent a quarter earlier because of better controls on costs and stable sales of its virtual reality products.    [FULL  STORY]

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