HTC revenues meet higher end of market expectations in 1Q
High Tech Computer posted revenues of NT$32.7 billion (US$1.08 billion) in the first quarter of 2008, up 38.6% on year but down 16.2% from the previous quarter, according to a company filing with the Taiwan Stock Exchange (TSE.). The first-quarter figures were in line with the higher end of market expectations, said market sources.
In March alone, revenues totaled NT$11.05 billion, up 17% sequentially and also up 21.4% on year, the data showed.
Bonus-adjusted after-tax profits reached NT$6.87 billion, or NT$11.98, per share, in the first quarter, compared to the figures of NT$8.18 billion and NT$14.28 per share before the adjustment for employee bonuses.
The first-quarter bonus-adjusted net earnings were higher than expected due to a higher-than-expected gross margin and lower operating expenses in the January-March period, according to sources at HTC.
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In March alone, revenues totaled NT$11.05 billion, up 17% sequentially and also up 21.4% on year, the data showed.
Bonus-adjusted after-tax profits reached NT$6.87 billion, or NT$11.98, per share, in the first quarter, compared to the figures of NT$8.18 billion and NT$14.28 per share before the adjustment for employee bonuses.
The first-quarter bonus-adjusted net earnings were higher than expected due to a higher-than-expected gross margin and lower operating expenses in the January-March period, according to sources at HTC.
source
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