Taiwan's HTC swings back to profit in Q2

Taiwanese smartphone-maker HTC says its net profit in the second quarter came in at NT$2.26bil (US$75mil), up 80% year-on-year and much improved from a net loss of NT$1.88bil in the previous three months - AFP Photo.

TAIPEI: Taiwan's struggling smartphone maker HTC said it has swung back to profit in the April-June quarter thanks to a boost from sales of a new flagship handset, but analysts cautioned against optimism.

The firm said net profit came in at NT$2.26bil (US$75mil) in the second quarter, up 80% year-on-year and much improved from a net loss of NT$1.88bil in the previous three months, when sales hit a three-month low.